48118 Forbes StNew BaltimoreMI48047
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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 New Baltimore at 48118 Forbes St, New Baltimore, MI, 48047 uses $97,759 cash to close to unlock $3,476/yr annual cash flow and $290/mo monthly cash flow. Total monthly income runs $2,234/mo, and a $1,443/mo payment keeps the spread at $290/mo. Purchase price stands at $294,900, and rental yield measures 9.09% with $2,234/mo rent. Return on cash invested shows 23.46% in year one, and 5% annual appreciation builds toward $81,475 over five years. Five-year ROI reaches 122.45% and total cumulative return in cash records $119,707. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,234/mo property income covering a $1,443/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48047, New Baltimore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,500 (100%) |
| Owner Occupied HU | 13,018 (78.9%) |
| Renter Occupied HU | 2,935 (17.8%) |
| Vacant Housing Units | 547 ( 3.3%) |
| Median Home Value | $331,383 |
| Average Home Value | $354,784 |
Housing Distribution
Address Breakdown
Residential
16,408
Single Family
15,958
Multi-Family
450
Businesses
771
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Listed by: Sadeer Mikail • Stars Realty LLC
Mls Name: Realcomp II
Mls ID: #20251053629