6928 Smiths Creek Rd #2Smiths CreekMI48074
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $1,579/mo, and a $1,933/mo payment. Purchase price stands at $395,000, and rental yield measures 4.8% with $1,579/mo rent. Return on cash invested shows 10.51% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 52.98% and total cumulative return in cash records $69,378. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,579/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Single Family
Built in 1956
8.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48074, Smiths Creek, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,000 (100%) |
| Owner Occupied HU | 3,330 (83.2%) |
| Renter Occupied HU | 461 (11.5%) |
| Vacant Housing Units | 209 ( 5.2%) |
| Median Home Value | $225,147 |
| Average Home Value | $291,718 |
Housing Distribution
Address Breakdown
Residential
3,932
Single Family
3,931
Multi-Family
1
Businesses
197
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheryl Restivo • KW Platinum
Mls Name: MiRealSource
Mls ID: #50185466