8176 W Dry Dock StBaldwinMI49304
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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 Baldwin at 8176 W Dry Dock St, Baldwin, MI, 49304 uses $52,211 cash to close to unlock $1,491/yr annual cash flow and $124/mo monthly cash flow. Total monthly income runs $1,163/mo, and a $771/mo payment keeps the spread at $124/mo. Purchase price stands at $157,500, and rental yield measures 8.86% with $1,163/mo rent. Return on cash invested shows 22.76% in year one, and 5% annual appreciation builds toward $43,514 over five years. Five-year ROI reaches 118.77% and total cumulative return in cash records $62,013. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,163/mo property income covering a $771/mo payment rather than investor’s personal income.
Manufactured
Built in 1979
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49304, Baldwin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,819 (100%) |
| Owner Occupied HU | 1,488 (25.6%) |
| Renter Occupied HU | 467 ( 8.0%) |
| Vacant Housing Units | 3,864 (66.4%) |
| Median Home Value | $141,453 |
| Average Home Value | $196,193 |
Housing Distribution
Address Breakdown
Residential
2,189
Single Family
2,003
Multi-Family
186
Businesses
159
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