682 Chestnut DrWixomMI48393
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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 Wixom at 682 Chestnut Dr, Wixom, MI, 48393 priced at $375,000 pairs $3,634/mo rent with $1,162/mo cash flow after a $1,835/mo payment. Total monthly income equals $3,634/mo, and annual cash flow comes to $13,938/yr on $124,313 invested. Return on cash invested is 31.12% in year one, and rental yield stands at 11.63% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 163.51% and total cumulative return in cash reaches $203,259. For financing, Ziffy Mortgage’s DSCR program evaluates $3,634/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48393, Wixom, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,901 (100%) |
| Owner Occupied HU | 4,624 (46.7%) |
| Renter Occupied HU | 4,838 (48.9%) |
| Vacant Housing Units | 439 ( 4.4%) |
| Median Home Value | $347,214 |
| Average Home Value | $353,308 |
Housing Distribution
Address Breakdown
Residential
8,135
Single Family
7,481
Multi-Family
654
Businesses
1,247
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