500 Wilbur AveBrooklynMI49230
Nearby investment properties with comparable rents
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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
Rental property for sale in Brooklyn at 500 Wilbur Ave, Brooklyn, MI, 49230 offers $1,256/mo rent that, after a $860/mo payment, leaves $97/mo cash flow. Total monthly income is $1,256/mo, and annual cash flow is $1,168/yr on $58,245 cash. Return on cash invested measures 21.91% in year one, and rental yield stands at 8.58% at a $175,700 entry. Equity gained on principal adds $1,134/yr while 5% annual appreciation compounds into $48,543 by year five. Five-year ROI records 114.18% and total cumulative return in cash reaches $66,503. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,256/mo property income versus a $860/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49230, Brooklyn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,239 (100%) |
| Owner Occupied HU | 4,032 (64.6%) |
| Renter Occupied HU | 493 ( 7.9%) |
| Vacant Housing Units | 1,714 (27.5%) |
| Median Home Value | $300,447 |
| Average Home Value | $341,062 |
Housing Distribution
Address Breakdown
Residential
5,485
Single Family
5,392
Multi-Family
93
Businesses
263
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