605 Powell DrDundeeMI48131
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow605 Powell Dr, Dundee, MI, 48131 in Dundee is a solid income-producing rental, 11.57% gross yield, $1,975/mo rent, $404/mo net cash flow on a $204,900 buy. DSCR 2.14 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $56,610 and $1,887/yr in principal reduction project a total cumulative return of $105,036.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 8.0% |
| Monthly Cash Flow | $404 | $1,800 |
City averages based on Dundee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,975 |
| Total Monthly Debt Service | $1,490 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2005
N/A lot
$N/A/sqft
$220 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48131, Dundee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,596 (100%) |
| Owner Occupied HU | 2,487 (69.2%) |
| Renter Occupied HU | 970 (27.0%) |
| Vacant Housing Units | 139 ( 3.9%) |
| Median Home Value | $311,953 |
| Average Home Value | $319,312 |
Housing Distribution
Address Breakdown
Residential
3,577
Single Family
3,252
Multi-Family
325
Businesses
241
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2005
N/A lot
$N/A/sqft
$220 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48131, Dundee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,596 (100%) |
| Owner Occupied HU | 2,487 (69.2%) |
| Renter Occupied HU | 970 (27.0%) |
| Vacant Housing Units | 139 ( 3.9%) |
| Median Home Value | $311,953 |
| Average Home Value | $319,312 |
Housing Distribution
Address Breakdown
Residential
3,577
Single Family
3,252
Multi-Family
325
Businesses
241
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Penny Gutierrez • Key Realty One LLC - Summerfield
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50164037
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