6703 Oak Grove RdBurlingtonMI49029
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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 Burlington at 6703 Oak Grove Rd, Burlington, MI, 49029 generates $2,165/mo in rent and, after a $1,566/mo payment, leaves $55/mo in cash flow. Total monthly income is $2,165/mo, and annual cash flow is $660/yr on $106,080 invested. Return on cash invested sits at 20.53% in year one, and rental yield is 8.12% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 106.69% and total cumulative return in cash sums $113,175. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,165/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
3.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49029, Burlington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 664 (100%) |
| Owner Occupied HU | 534 (80.4%) |
| Renter Occupied HU | 67 (10.1%) |
| Vacant Housing Units | 63 ( 9.5%) |
| Median Home Value | $260,526 |
| Average Home Value | $344,017 |
Housing Distribution
Address Breakdown
Residential
613
Single Family
613
Multi-Family
0
Businesses
14
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Listed by: Alexa DeCair Elevate Team • Michigan Top Producers
Mls Name: MichRIC
Mls ID: #25057458