626 Plank StDundeeMI48131
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Nearby investment properties with comparable prices
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 Dundee at 626 Plank St, Dundee, MI, 48131 offers a 8.47% rental yield on a $339,500 purchase with $2,396/mo rent. Total monthly income registers $2,396/mo, and a $1,662/mo payment leaves $157/mo available for distribution. Annual cash flow reaches $1,882/yr on $112,544 to close, and return on cash invested stands at 21.58% in year one. Equity gained on principal adds $2,191/yr while 5% annual appreciation supports $93,798 over five years. Portfolio math shows five-year ROI at 112.33% and total cumulative return in cash at $126,425. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,396/mo property income against a $1,662/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48131, Dundee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,596 (100%) |
| Owner Occupied HU | 2,487 (69.2%) |
| Renter Occupied HU | 970 (27.0%) |
| Vacant Housing Units | 139 ( 3.9%) |
| Median Home Value | $311,953 |
| Average Home Value | $319,312 |
Housing Distribution
Address Breakdown
Residential
3,577
Single Family
3,252
Multi-Family
325
Businesses
241
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