4719 Myra Lee DrAuburnMI48611
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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
Rental property for sale in Auburn at 4719 Myra Lee Dr, Auburn, MI, 48611 generates $2,166/mo in rent and, after a $1,321/mo payment, leaves $386/mo in cash flow. Total monthly income is $2,166/mo, and annual cash flow is $4,634/yr on $89,472 invested. Return on cash invested sits at 25.09% in year one, and rental yield is 9.63% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 131.19% and total cumulative return in cash sums $117,378. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,166/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48611, Auburn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,776 (100%) |
| Owner Occupied HU | 2,219 (79.9%) |
| Renter Occupied HU | 438 (15.8%) |
| Vacant Housing Units | 119 ( 4.3%) |
| Median Home Value | $185,374 |
| Average Home Value | $211,304 |
Housing Distribution
Address Breakdown
Residential
2,755
Single Family
2,715
Multi-Family
40
Businesses
210
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Listed by: Erica Roseberry • Berkshire Hathaway Bay
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50176156
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.