49520 Gratiot AveChesterfieldMI48051
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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
Total monthly income runs $1,918/mo, and a $2,149/mo payment. Purchase price stands at $439,000, and rental yield measures 5.24% with $1,918/mo rent. Return on cash invested shows 11.85% in year one, and 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 60.17% and total cumulative return in cash records $87,560. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,918/mo property income covering a $2,149/mo payment rather than investor’s personal income.
Single Family
Built in 1943
0.50 Acres 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: Jesse Long • RE/MAX First
Mls Name: MiRealSource
Mls ID: #50130289