5605 E Creeks Xing APT 36WilliamsburgMI49690
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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
Rental property for sale in Williamsburg at 5605 E Creeks Xing APT 36, Williamsburg, MI, 49690 generates $1,468/mo in rent and, after a $979/mo payment, leaves $149/mo in cash flow. Total monthly income is $1,468/mo, and annual cash flow is $1,788/yr on $66,300 invested. Return on cash invested sits at 22.61% in year one, and rental yield is 8.81% on a $199,999 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 117.84% and total cumulative return in cash sums $78,128. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,468/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49690, Williamsburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,990 (100%) |
| Owner Occupied HU | 2,399 (60.1%) |
| Renter Occupied HU | 406 (10.2%) |
| Vacant Housing Units | 1,185 (29.7%) |
| Median Home Value | $425,281 |
| Average Home Value | $582,253 |
Housing Distribution
Address Breakdown
Residential
3,146
Single Family
3,017
Multi-Family
129
Businesses
198
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Listed by: Gavin Caverly • Keller Williams Northern Michigan
Mls Name: NGLRMLS
Mls ID: #1936220