50402 Oakbrooke DrChesterfieldMI48047
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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 Chesterfield at 50402 Oakbrooke Dr, Chesterfield, MI, 48047 generates $1,740/mo in rent, after a $2,427/mo payment. Total monthly income is $1,740/mo. Return on cash invested sits at 8.74% in year one, and rental yield is 4.21% on a $495,770 entry. Equity gained on principal adds $3,199/yr, while 5% annual appreciation builds toward $136,972 over five years. Five-year ROI reaches 43.5% and total cumulative return in cash sums $71,484. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.
Condo
Built in 2025
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48047, New Baltimore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,500 (100%) |
| Owner Occupied HU | 13,018 (78.9%) |
| Renter Occupied HU | 2,935 (17.8%) |
| Vacant Housing Units | 547 ( 3.3%) |
| Median Home Value | $331,383 |
| Average Home Value | $354,784 |
Housing Distribution
Address Breakdown
Residential
16,408
Single Family
15,958
Multi-Family
450
Businesses
771
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Listed by: Onorio D'Agostini • The D'Agostini Group LLC
Mls Name: MichRIC
Mls ID: #25037669