622 Boardwalk LnDexterMI48130
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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 Dexter at 622 Boardwalk Ln, Dexter, MI, 48130 generates $3,566/mo in rent, after a $2,460/mo payment. Total monthly income is $3,566/mo. Return on cash invested sits at 20.04% in year one, and rental yield is 8.51% on a $502,555 entry. Equity gained on principal adds $3,243/yr, while 5% annual appreciation builds toward $138,847 over five years. Five-year ROI reaches 104.7% and total cumulative return in cash sums $173,118. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,566/mo property income rather than buyer’s personal income.
Condo
Built in 2022
1,742 sqft lot
$N/A/sqft
$255 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48130, Dexter, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,147 (100%) |
| Owner Occupied HU | 5,316 (86.5%) |
| Renter Occupied HU | 586 ( 9.5%) |
| Vacant Housing Units | 245 ( 4.0%) |
| Median Home Value | $464,823 |
| Average Home Value | $515,768 |
Housing Distribution
Address Breakdown
Residential
6,303
Single Family
6,154
Multi-Family
149
Businesses
541
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