8228 Long Island CtFair HavenMI48023
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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 Fair Haven at 8228 Long Island Ct, Fair Haven, MI, 48023 offers a 4.38% rental yield on a $820,000 purchase with $2,995/mo rent. 33% in year one. Equity gained on principal adds $5,291/yr while 5% annual appreciation supports $226,551 over five years. Portfolio math shows five-year ROI at 46.62% and total cumulative return in cash at $125,759. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,995/mo property income against a $4,013/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48023, Fair Haven, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,368 (100%) |
| Owner Occupied HU | 1,730 (73.1%) |
| Renter Occupied HU | 417 (17.6%) |
| Vacant Housing Units | 221 ( 9.3%) |
| Median Home Value | $326,971 |
| Average Home Value | $367,487 |
Housing Distribution
Address Breakdown
Residential
2,203
Single Family
2,203
Multi-Family
0
Businesses
160
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Listed by: Shelly Mueller • RE/MAX Advisors
Mls Name: MiRealSource
Mls ID: #50186591