5501 Garfield RdAuburnMI48611
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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 Auburn at 5501 Garfield Rd, Auburn, MI, 48611 uses $49,692 cash to close to unlock $7,646/yr annual cash flow and $637/mo monthly cash flow. Total monthly income runs $1,626/mo, and a $734/mo payment keeps the spread at $637/mo. Purchase price stands at $149,900, and rental yield measures 13.02% with $1,626/mo rent. Return on cash invested shows 35.3% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 185.99% and total cumulative return in cash records $92,423. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,626/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48611, Auburn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,776 (100%) |
| Owner Occupied HU | 2,219 (79.9%) |
| Renter Occupied HU | 438 (15.8%) |
| Vacant Housing Units | 119 ( 4.3%) |
| Median Home Value | $185,374 |
| Average Home Value | $211,304 |
Housing Distribution
Address Breakdown
Residential
2,755
Single Family
2,715
Multi-Family
40
Businesses
210
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