586 Oakbrook CirFlushingMI48433
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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 Flushing at 586 Oakbrook Cir, Flushing, MI, 48433 uses $50,520 cash to close to unlock $3,359/yr annual cash flow and $280/mo monthly cash flow. Total monthly income runs $1,537/mo, and a $746/mo payment keeps the spread at $280/mo. Purchase price stands at $152,399, and rental yield measures 12.1% with $1,537/mo rent. Return on cash invested shows 26.56% in year one, and 5% annual appreciation builds toward $42,105 over five years. Five-year ROI reaches 141.19% and total cumulative return in cash records $71,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,537/mo property income covering a $746/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$252 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48433, Flushing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,185 (100%) |
| Owner Occupied HU | 9,088 (81.3%) |
| Renter Occupied HU | 1,653 (14.8%) |
| Vacant Housing Units | 444 ( 4.0%) |
| Median Home Value | $229,089 |
| Average Home Value | $251,208 |
Housing Distribution
Address Breakdown
Residential
11,097
Single Family
10,558
Multi-Family
539
Businesses
539
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Listed by: Kyle Raup • Century 21 Signature Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50148708
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