5091 S Spirit Dr #57BellaireMI49615
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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 Bellaire at 5091 S Spirit Dr #57, Bellaire, MI, 49615 earns $1,195/mo cash flow from $3,256/mo rent with a $1,290/mo payment. Total monthly income totals $3,256/mo, and annual cash flow totals $14,341/yr on $87,350 capital. ROI tracks 36.33% on current figures, and rental yield reads 14.83% at a $263,500 purchase. Equity gained on principal adds $1,700/yr, and 5% annual appreciation supports $72,800 over five years. Five-year ROI reaches 193.07% and total cumulative return in cash sums $168,648. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,256/mo property income instead of your personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$3,876 annually HOA
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Listed by: Deborah Alexander • Coldwell Banker Schmidt-Bellai
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1920697
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.