6588 W Winchester DrBaldwinMI49304
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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
Rental property for sale in Baldwin at 6588 W Winchester Dr, Baldwin, MI, 49304 offers $1,999/mo rent that, after a $2,790/mo payment. Total monthly income is $1,999/mo. Return on cash invested measures 8.8% in year one, and rental yield stands at 4.21% at a $570,000 entry. Equity gained on principal adds $3,678/yr while 5% annual appreciation compounds into $157,480 by year five. Five-year ROI records 43.75% and total cumulative return in cash reaches $82,045. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,999/mo property income versus a $2,790/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in 1951
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49304, Baldwin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,819 (100%) |
| Owner Occupied HU | 1,488 (25.6%) |
| Renter Occupied HU | 467 ( 8.0%) |
| Vacant Housing Units | 3,864 (66.4%) |
| Median Home Value | $141,453 |
| Average Home Value | $196,193 |
Housing Distribution
Address Breakdown
Residential
2,189
Single Family
2,003
Multi-Family
186
Businesses
159
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