5257 Forester RdCarsonvilleMI48419
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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 Carsonville at 5257 Forester Rd, Carsonville, MI, 48419 priced at $318,000 pairs $2,641/mo rent with $544/mo cash flow after a $1,556/mo payment. Total monthly income equals $2,641/mo, and annual cash flow comes to $6,533/yr on $105,417 invested. Return on cash invested is 26.11% in year one, and rental yield stands at 9.97% on a $318,000 basis. Equity gained on principal adds $2,052/yr, and 5% annual appreciation accumulates to $87,858 by year five. Five-year ROI measures 136.62% and total cumulative return in cash reaches $144,023. For financing, Ziffy Mortgage’s DSCR program evaluates $2,641/mo property income against a $1,556/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48419, Carsonville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,318 (100%) |
| Owner Occupied HU | 808 (61.3%) |
| Renter Occupied HU | 150 (11.4%) |
| Vacant Housing Units | 360 (27.3%) |
| Median Home Value | $216,818 |
| Average Home Value | $269,087 |
Housing Distribution
Address Breakdown
Residential
1,128
Single Family
1,128
Multi-Family
0
Businesses
35
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Listed by: Mary Macherzak • Real Estate One Inc-Shelby
Mls Name: MiRealSource
Mls ID: #50174439