5819 Grand Oaks Dr NEComstock ParkMI49321
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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 Comstock Park at 5819 Grand Oaks Dr NE, Comstock Park, MI, 49321 uses $124,313 cash to close to unlock $8,706/yr annual cash flow and $726/mo monthly cash flow. Total monthly income runs $3,198/mo, and a $1,835/mo payment keeps the spread at $726/mo. Purchase price stands at $375,000, and rental yield measures 10.23% with $3,198/mo rent. Return on cash invested shows 26.91% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 140.95% and total cumulative return in cash records $175,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,198/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49321, Comstock Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,190 (100%) |
| Owner Occupied HU | 4,375 (60.8%) |
| Renter Occupied HU | 2,533 (35.2%) |
| Vacant Housing Units | 282 ( 3.9%) |
| Median Home Value | $311,171 |
| Average Home Value | $337,061 |
Housing Distribution
Address Breakdown
Residential
7,187
Single Family
5,191
Multi-Family
1,996
Businesses
536
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Listed by: James R Goetzka • Five Star Real Estate (Rock)
Mls Name: MichRIC
Mls ID: #25047151