8575 W Katie LnBaldwinMI49304
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 Baldwin at 8575 W Katie Ln, Baldwin, MI, 49304 priced at $649,000 converts $2,596/mo rent into after a $3,177/mo obligation. Total monthly income equals $2,596/mo. Return on cash invested prints 10.59% in year one, and rental yield reads 4.8% against a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation compiles into $179,307 by year five. Five-year ROI reaches 53.4% and total cumulative return in cash sums $114,012. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,596/mo property income covering a $3,177/mo payment, not borrower’s personal income.
Single Family
Built in 2003
1.03 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
