53261 Butternut StChesterfieldMI48051
Nearby investment properties with comparable rents
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
Investment property for sale in Chesterfield at 53261 Butternut St, Chesterfield, MI, 48051 offers a 9.48% rental yield on a $256,900 purchase with $2,029/mo rent. Total monthly income registers $2,029/mo, and a $1,257/mo payment leaves $335/mo available for distribution. Annual cash flow reaches $4,023/yr on $85,162 to close, and return on cash invested stands at 24.63% in year one. Equity gained on principal adds $1,658/yr while 5% annual appreciation supports $70,977 over five years. Portfolio math shows five-year ROI at 128.75% and total cumulative return in cash at $109,648. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,029/mo property income against a $1,257/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48051, New Baltimore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,506 (100%) |
| Owner Occupied HU | 6,264 (83.5%) |
| Renter Occupied HU | 986 (13.1%) |
| Vacant Housing Units | 256 ( 3.4%) |
| Median Home Value | $283,218 |
| Average Home Value | $286,672 |
Housing Distribution
Address Breakdown
Residential
7,817
Single Family
7,817
Multi-Family
0
Businesses
604
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Listed by: Jennifer Caira-Lauff • Real Estate One Chesterfield
Mls Name: MiRealSource
Mls ID: #50188461