46179 Duke DrChesterfieldMI48051
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 Chesterfield at 46179 Duke Dr, Chesterfield, MI, 48051 uses $106,080 cash to close to unlock $2,412/yr annual cash flow and $201/mo monthly cash flow. Total monthly income runs $2,311/mo, and a $1,566/mo payment keeps the spread at $201/mo. Purchase price stands at $320,000, and rental yield measures 8.67% with $2,311/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 115.56% and total cumulative return in cash records $122,583. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,311/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1996
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48051, New Baltimore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,506 (100%) |
| Owner Occupied HU | 6,264 (83.5%) |
| Renter Occupied HU | 986 (13.1%) |
| Vacant Housing Units | 256 ( 3.4%) |
| Median Home Value | $283,218 |
| Average Home Value | $286,672 |
Housing Distribution
Address Breakdown
Residential
7,817
Single Family
7,817
Multi-Family
0
Businesses
604
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bradley Glowe • Arterra Realty Michigan LLC
Mls Name: MiRealSource
Mls ID: #50182889