6861 Burnly StGarden CityMI48135
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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
Investment property for sale in Garden City at 6861 Burnly St, Garden City, MI, 48135 uses $85,361 cash to close to unlock $6,483/yr annual cash flow and $540/mo monthly cash flow. Total monthly income runs $2,238/mo, and a $1,260/mo payment keeps the spread at $540/mo. Purchase price stands at $257,499, and rental yield measures 10.43% with $2,238/mo rent. Return on cash invested shows 27.5% in year one, and 5% annual appreciation builds toward $71,142 over five years. Five-year ROI reaches 144.12% and total cumulative return in cash records $123,024. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,238/mo property income covering a $1,260/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48135, Garden City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,495 (100%) |
| Owner Occupied HU | 9,122 (79.4%) |
| Renter Occupied HU | 2,013 (17.5%) |
| Vacant Housing Units | 360 ( 3.1%) |
| Median Home Value | $167,366 |
| Average Home Value | $203,939 |
Housing Distribution
Address Breakdown
Residential
11,404
Single Family
10,868
Multi-Family
536
Businesses
590
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Listed by: Jeffery Kropodra • Real Broker LLC
Mls Name: Realcomp II
Mls ID: #20251052769