70196 Sunny Brook LnRichmondMI48062
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
Rental property for sale in Richmond at 70196 Sunny Brook Ln, Richmond, MI, 48062 generates $3,773/mo in rent and, after a $1,737/mo payment, leaves $1,361/mo in cash flow. Total monthly income is $3,773/mo, and annual cash flow is $16,332/yr on $117,649 invested. Return on cash invested sits at 33.79% in year one, and rental yield is 12.76% on a $354,900 entry. Equity gained on principal adds $2,290/yr, while 5% annual appreciation builds toward $98,052 over five years. Five-year ROI reaches 178.07% and total cumulative return in cash sums $209,500. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,773/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
8,276 sqft lot
$N/A/sqft
$215 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48062, Richmond, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,867 (100%) |
| Owner Occupied HU | 3,051 (78.9%) |
| Renter Occupied HU | 667 (17.2%) |
| Vacant Housing Units | 149 ( 3.9%) |
| Median Home Value | $294,582 |
| Average Home Value | $315,379 |
Housing Distribution
Address Breakdown
Residential
3,838
Single Family
3,610
Multi-Family
228
Businesses
381
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Listed by: Robert Scalici • Re/Max First
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50123051
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