4489 Home Town Dr #32FlintMI48506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Flint at 4489 Home Town Dr #32, Flint, MI, 48506 offers a 11.32% rental yield on a $130,500 purchase with $1,231/mo rent. Total monthly income registers $1,231/mo, and a $639/mo payment leaves $370/mo available for distribution. Annual cash flow reaches $4,442/yr on $43,261 to close, and return on cash invested stands at 30.18% in year one. Equity gained on principal adds $842/yr while 5% annual appreciation supports $36,055 over five years. Portfolio math shows five-year ROI at 158.56% and total cumulative return in cash at $68,596. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,231/mo property income against a $639/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48506, Flint, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,408 (100%) |
| Owner Occupied HU | 7,244 (63.5%) |
| Renter Occupied HU | 2,972 (26.1%) |
| Vacant Housing Units | 1,192 (10.4%) |
| Median Home Value | $102,875 |
| Average Home Value | $144,651 |
Housing Distribution
Address Breakdown
Residential
10,359
Single Family
8,854
Multi-Family
1,505
Businesses
408
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices