46686 Heather LnChesterfieldMI48051
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 46686 Heather Ln, Chesterfield, MI, 48051 offers a 9.34% rental yield on a $339,800 purchase with $2,646/mo rent. Total monthly income registers $2,646/mo, and a $1,663/mo payment leaves $405/mo available for distribution. Annual cash flow reaches $4,864/yr on $112,644 to close, and return on cash invested stands at 24.23% in year one. Equity gained on principal adds $2,193/yr while 5% annual appreciation supports $93,880 over five years. Portfolio math shows five-year ROI at 126.55% and total cumulative return in cash at $142,551. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,646/mo property income against a $1,663/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
6,534 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
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Listed by: Jennifer Caira-Lauff • Real Estate One Chesterfield
Mls Name: MiRealSource
Mls ID: #50197965