832 Falcon DrDundeeMI48131
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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
Rental property for sale in Dundee at 832 Falcon Dr, Dundee, MI, 48131 priced at $329,900 converts $1,913/mo rent into after a $1,615/mo obligation. Total monthly income equals $1,913/mo. Return on cash invested prints 16.8% in year one, and rental yield reads 6.96% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 86.79% and total cumulative return in cash sums $94,911. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,913/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 2006
10,018 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48131, Dundee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,596 (100%) |
| Owner Occupied HU | 2,487 (69.2%) |
| Renter Occupied HU | 970 (27.0%) |
| Vacant Housing Units | 139 ( 3.9%) |
| Median Home Value | $311,953 |
| Average Home Value | $319,312 |
Housing Distribution
Address Breakdown
Residential
3,577
Single Family
3,252
Multi-Family
325
Businesses
241
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Listed by: Kelly Orr • Coldwell Banker Haynes R.E. in Monroe
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50169731
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