6090 Lancaster DrFlintMI48532
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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 Flint at 6090 Lancaster Dr, Flint, MI, 48532 offers a 9.31% rental yield on a $244,900 purchase with $1,899/mo rent. Total monthly income registers $1,899/mo, and a $1,199/mo payment leaves $284/mo available for distribution. Annual cash flow reaches $3,404/yr on $81,184 to close, and return on cash invested stands at 24.1% in year one. Equity gained on principal adds $1,580/yr while 5% annual appreciation supports $67,661 over five years. Portfolio math shows five-year ROI at 125.85% and total cumulative return in cash at $102,173. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,899/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48532, Flint, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,002 (100%) |
| Owner Occupied HU | 4,907 (54.5%) |
| Renter Occupied HU | 3,468 (38.5%) |
| Vacant Housing Units | 627 ( 7.0%) |
| Median Home Value | $174,887 |
| Average Home Value | $221,176 |
Housing Distribution
Address Breakdown
Residential
8,469
Single Family
7,028
Multi-Family
1,441
Businesses
947
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