499 Chip RdAuburnMI48611
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
Rental property for sale in Auburn at 499 Chip Rd, Auburn, MI, 48611 priced at $525,900 converts $2,314/mo rent into after a $2,574/mo obligation. Total monthly income equals $2,314/mo. Return on cash invested prints 12.06% in year one, and rental yield reads 5.28% against a $525,900 entry. Equity gained on principal adds $3,394/yr, while 5% annual appreciation compiles into $145,296 by year five. Five-year ROI reaches 61.23% and total cumulative return in cash sums $105,939. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,314/mo property income covering a $2,574/mo payment, not borrower’s personal income.
Single Family
Built in 1999
5.60 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: Alnisha Jackson • Keller William Preferred
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50164661
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