612 E 3rd StFlintMI48503
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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 Flint at 612 E 3rd St, Flint, MI, 48503 generates $1,301/mo in rent and, after a $734/mo payment, leaves $214/mo in cash flow. Total monthly income is $1,301/mo, and annual cash flow is $2,562/yr on $49,725 invested. Return on cash invested sits at 25.06% in year one, and rental yield is 10.41% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 131.92% and total cumulative return in cash sums $65,598. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,301/mo property income rather than buyer’s personal income.
Multi Family
Built in 1898
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48503, Flint, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,636 (100%) |
| Owner Occupied HU | 5,313 (45.7%) |
| Renter Occupied HU | 4,356 (37.4%) |
| Vacant Housing Units | 1,967 (16.9%) |
| Median Home Value | $73,818 |
| Average Home Value | $126,130 |
Housing Distribution
Address Breakdown
Residential
9,902
Single Family
8,462
Multi-Family
1,440
Businesses
503
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Listed by: Roxanne M Pappas • Atlas Real Estate
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20230087214
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