6865 Joy RdDexterMI48130
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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 Dexter at 6865 Joy Rd, Dexter, MI, 48130 generates $3,582/mo in rent and, after a $2,080/mo payment, leaves $780/mo in cash flow. Total monthly income is $3,582/mo, and annual cash flow is $9,354/yr on $140,888 invested. Return on cash invested sits at 26.55% in year one, and rental yield is 10.11% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 138.97% and total cumulative return in cash sums $195,797. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,582/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
4.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48130, Dexter, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,147 (100%) |
| Owner Occupied HU | 5,316 (86.5%) |
| Renter Occupied HU | 586 ( 9.5%) |
| Vacant Housing Units | 245 ( 4.0%) |
| Median Home Value | $464,823 |
| Average Home Value | $515,768 |
Housing Distribution
Address Breakdown
Residential
6,303
Single Family
6,154
Multi-Family
149
Businesses
541
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