5976 Red Lion Ct NEBelmontMI49306
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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 Belmont at 5976 Red Lion Ct NE, Belmont, MI, 49306 priced at $482,900 converts $3,818/mo rent into $208/mo cash flow after a $2,364/mo obligation. Total monthly income equals $3,818/mo, and annual cash flow totals $2,497/yr on $160,081 invested. Return on cash invested prints 21.47% in year one, and rental yield reads 9.49% against a $482,900 entry. Equity gained on principal adds $3,116/yr, while 5% annual appreciation compiles into $133,416 by year five. Five-year ROI reaches 112.92% and total cumulative return in cash sums $180,759. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,818/mo property income covering a $2,364/mo payment, not borrower’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$425 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49306, Belmont, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,241 (100%) |
| Owner Occupied HU | 4,025 (94.9%) |
| Renter Occupied HU | 148 ( 3.5%) |
| Vacant Housing Units | 68 ( 1.6%) |
| Median Home Value | $387,841 |
| Average Home Value | $428,439 |
Housing Distribution
Address Breakdown
Residential
4,105
Single Family
4,035
Multi-Family
70
Businesses
232
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