4702 Summer Ridge DrHowellMI48843
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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 Howell at 4702 Summer Ridge Dr, Howell, MI, 48843 earns $214/mo cash flow from $2,713/mo rent with a $1,855/mo payment. Total monthly income totals $2,713/mo, and annual cash flow totals $2,564/yr on $125,639 capital. ROI tracks 21.95% on current figures, and rental yield reads 8.59% at a $379,000 purchase. Equity gained on principal adds $2,446/yr, and 5% annual appreciation supports $104,711 over five years. Five-year ROI reaches 114.32% and total cumulative return in cash sums $143,627. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,713/mo property income instead of your personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48843, Howell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,156 (100%) |
| Owner Occupied HU | 15,805 (78.4%) |
| Renter Occupied HU | 3,715 (18.4%) |
| Vacant Housing Units | 636 ( 3.2%) |
| Median Home Value | $367,579 |
| Average Home Value | $397,756 |
Housing Distribution
Address Breakdown
Residential
19,681
Single Family
18,246
Multi-Family
1,435
Businesses
1,098
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