644 Elk Ridge DrDundeeMI48131
Nearby investment properties with comparable rents
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 644 Elk Ridge Dr, Dundee, MI, 48131 at $399,900 posts ROI 23.84% with $434/mo cash flow from $3,071/mo rent. Total monthly income equals $3,071/mo, and annual cash flow records $5,210/yr on $132,567 to close. Return on cash invested measures 23.84% and rental yield reads 9.22% at the current $399,900. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 by year five. Five-year ROI prints 124.47% and total cumulative return in cash totals $165,008.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,071/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2018
6,969 sqft 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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