6493 Deer Path #104BellaireMI49615
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 Bellaire at 6493 Deer Path #104, Bellaire, MI, 49615 offers a 14.4% rental yield on a $244,000 purchase with $2,928/mo rent. Total monthly income registers $2,928/mo, and a $1,194/mo payment leaves $761/mo available for distribution. Annual cash flow reaches $9,134/yr on $80,886 to close, and return on cash invested stands at 31.2% in year one. Equity gained on principal adds $1,574/yr while 5% annual appreciation supports $67,413 over five years. Portfolio math shows five-year ROI at 166.97% and total cumulative return in cash at $135,058. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,928/mo property income against a $1,194/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1993
N/A lot
$N/A/sqft
$6,696 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Bicknell • Vacation Prop Network-Bellaire
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1919787
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.