51141 Baker RdChesterfieldMI48047
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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 Chesterfield at 51141 Baker Rd, Chesterfield, MI, 48047 listed at $488,000 pairs $2,681/mo rent with a $2,389/mo payment. Total monthly income runs $2,681/mo. Return on cash invested measures 15.92% in year one, and rental yield registers 6.59% at a $488,000 basis. Equity gained on principal adds $3,149/yr, and annual property appreciation at 5% supports $134,825 by year five. Five-year ROI tracks 82% and total cumulative return in cash totals $132,656. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,681/mo property income relative to a $2,389/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
10,454 sqft 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: Melissa Braathen • Brookstone, Realtors LLC
Mls Name: Realcomp II
Mls ID: #20251032897