48333 Applegrove LnNew BaltimoreMI48051
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 New Baltimore at 48333 Applegrove Ln, New Baltimore, MI, 48051 listed at $326,000 pairs $1,434/mo rent with a $1,596/mo payment. Total monthly income runs $1,434/mo. Return on cash invested measures 9.74% in year one, and rental yield registers 5.28% at a $326,000 basis. Equity gained on principal adds $2,104/yr, and annual property appreciation at 5% supports $90,068 by year five. Five-year ROI tracks 49.63% and total cumulative return in cash totals $53,631. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,434/mo property income relative to a $1,596/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2024
N/A lot
$N/A/sqft
$200 monthly 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: Danielle Buccellato-Delpier • KW Platinum
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50160829
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