48358 Applegrove Ln #31New BaltimoreMI48051
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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 New Baltimore at 48358 Applegrove Ln #31, New Baltimore, MI, 48051 offers a 9.58% rental yield on a $375,000 purchase with $2,993/mo rent. Total monthly income registers $2,993/mo, and a $1,835/mo payment leaves $521/mo available for distribution. Annual cash flow reaches $6,246/yr on $124,313 to close, and return on cash invested stands at 24.93% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 130.33% and total cumulative return in cash at $162,015. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,993/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2022
N/A 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: Danielle Buccellato-Delpier • KW Platinum
Mls Name: MiRealSource
Mls ID: #50191085