7234 Castell Blvd #81Van Buren TownshipMI48111
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 Van Buren Township at 7234 Castell Blvd #81, Van Buren Township, MI, 48111 generates $4,476/mo in rent and, after a $1,872/mo payment, leaves $1,900/mo in cash flow. Total monthly income is $4,476/mo, and annual cash flow is $22,795/yr on $126,799 invested. Return on cash invested sits at 37.89% in year one, and rental yield is 14.04% on a $382,500 entry. Equity gained on principal adds $2,468/yr, while 5% annual appreciation builds toward $105,678 over five years. Five-year ROI reaches 199.97% and total cumulative return in cash sums $253,566. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,476/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
5,662 sqft lot
$N/A/sqft
$650 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48111, Belleville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,990 (100%) |
| Owner Occupied HU | 13,158 (65.8%) |
| Renter Occupied HU | 5,714 (28.6%) |
| Vacant Housing Units | 1,118 ( 5.6%) |
| Median Home Value | $271,917 |
| Average Home Value | $286,480 |
Housing Distribution
Address Breakdown
Residential
19,973
Single Family
17,138
Multi-Family
2,835
Businesses
655
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bryon Tanana • KW Professionals
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240053016
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-13 10:16:25 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702