56311 Chesapeake Trl #287UticaMI48316
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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 Utica at 56311 Chesapeake Trl #287, Utica, MI, 48316 listed at $295,000 pairs $1,628/mo rent with a $1,444/mo payment. Total monthly income runs $1,628/mo. Return on cash invested measures 12.76% in year one, and rental yield registers 6.62% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 66.24% and total cumulative return in cash totals $64,778. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,628/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1998
N/A lot
$N/A/sqft
$265 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48316, Utica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,054 (100%) |
| Owner Occupied HU | 9,236 (76.6%) |
| Renter Occupied HU | 2,342 (19.4%) |
| Vacant Housing Units | 476 ( 3.9%) |
| Median Home Value | $414,600 |
| Average Home Value | $442,483 |
Housing Distribution
Address Breakdown
Residential
12,138
Single Family
11,179
Multi-Family
959
Businesses
597
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