7753 Teaberry DrFreelandMI48623
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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 Freeland at 7753 Teaberry Dr, Freeland, MI, 48623 offers a 8.73% rental yield on a $339,900 purchase with $2,474/mo rent. Total monthly income registers $2,474/mo, and a $1,664/mo payment leaves $232/mo available for distribution. Annual cash flow reaches $2,786/yr on $112,677 to close, and return on cash invested stands at 22.38% in year one. Equity gained on principal adds $2,193/yr while 5% annual appreciation supports $93,908 over five years. Portfolio math shows five-year ROI at 116.67% and total cumulative return in cash at $131,459. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,474/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48623, Freeland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,439 (100%) |
| Owner Occupied HU | 4,603 (84.6%) |
| Renter Occupied HU | 598 (11.0%) |
| Vacant Housing Units | 238 ( 4.4%) |
| Median Home Value | $283,821 |
| Average Home Value | $326,566 |
Housing Distribution
Address Breakdown
Residential
5,234
Single Family
5,234
Multi-Family
0
Businesses
330
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