6255 Telegraph Rd LOT 361ErieMI48133
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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 Erie at 6255 Telegraph Rd LOT 361, Erie, MI, 48133 earns $1,118/mo cash flow from $1,988/mo rent with a $646/mo payment. Total monthly income totals $1,988/mo, and annual cash flow totals $13,413/yr on $43,725 capital. ROI tracks 50.59% on current figures, and rental yield reads 18.09% at a $131,900 purchase. Equity gained on principal adds $851/yr, and 5% annual appreciation supports $36,442 over five years. Five-year ROI reaches 267.91% and total cumulative return in cash sums $117,143. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,988/mo property income instead of your personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48133, Erie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,167 (100%) |
| Owner Occupied HU | 1,767 (81.5%) |
| Renter Occupied HU | 225 (10.4%) |
| Vacant Housing Units | 175 ( 8.1%) |
| Median Home Value | $236,638 |
| Average Home Value | $248,434 |
Housing Distribution
Address Breakdown
Residential
2,474
Single Family
2,474
Multi-Family
0
Businesses
131
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