9379 Jamie DrDavisonMI48423
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
Investment property for sale in Davison at 9379 Jamie Dr, Davison, MI, 48423 uses $61,991 cash to close to unlock $5,869/yr annual cash flow and $489/mo monthly cash flow. Total monthly income runs $1,722/mo, and a $915/mo payment keeps the spread at $489/mo. Purchase price stands at $187,000, and rental yield measures 11.05% with $1,722/mo rent. Return on cash invested shows 29.38% in year one, and 5% annual appreciation builds toward $51,665 over five years. Five-year ROI reaches 154.21% and total cumulative return in cash records $95,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,722/mo property income covering a $915/mo payment rather than investor’s personal income.
Condo
Built in 1992
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48423, Davison, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,406 (100%) |
| Owner Occupied HU | 10,191 (66.1%) |
| Renter Occupied HU | 4,466 (29.0%) |
| Vacant Housing Units | 749 ( 4.9%) |
| Median Home Value | $235,172 |
| Average Home Value | $262,027 |
Housing Distribution
Address Breakdown
Residential
15,373
Single Family
12,694
Multi-Family
2,679
Businesses
645
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices