622 Chalmers 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
Investment property for sale in Flint at 622 Chalmers St, Flint, MI, 48503 offers a 9.17% rental yield on a $130,000 purchase with $993/mo rent. Total monthly income registers $993/mo, and a $636/mo payment leaves $136/mo available for distribution. Annual cash flow reaches $1,632/yr on $43,095 to close, and return on cash invested stands at 23.7% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 123.67% and total cumulative return in cash at $53,295. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $993/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
4,356 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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