9633 Cape Cod Dr #1320Fair 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
Rental property for sale in Fair Haven at 9633 Cape Cod Dr #1320, Fair Haven, MI, 48023 generates $938/mo in rent and, after a $602/mo payment, leaves $127/mo in cash flow. Total monthly income is $938/mo, and annual cash flow is $1,523/yr on $40,773 invested. Return on cash invested sits at 23.64% in year one, and rental yield is 9.15% on a $122,995 entry. Equity gained on principal adds $794/yr, while 5% annual appreciation builds toward $33,981 over five years. Five-year ROI reaches 123.4% and total cumulative return in cash sums $50,315. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $938/mo property income rather than buyer’s personal income.
Manufactured
Built in 2025
N/A 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: N/A • YES!Communities
Mls Name: Yes! Communities
Mls ID: #N/A