997 Scioto Dr NW #26Comstock ParkMI49321
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 Comstock Park at 997 Scioto Dr NW #26, Comstock Park, MI, 49321 offers a 4.57% rental yield on a $440,900 purchase with $1,680/mo rent. 83% in year one. Equity gained on principal adds $2,845/yr while 5% annual appreciation supports $121,813 over five years. Portfolio math shows five-year ROI at 49.35% and total cumulative return in cash at $72,125. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,680/mo property income against a $2,158/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49321, Comstock Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,190 (100%) |
| Owner Occupied HU | 4,375 (60.8%) |
| Renter Occupied HU | 2,533 (35.2%) |
| Vacant Housing Units | 282 ( 3.9%) |
| Median Home Value | $311,171 |
| Average Home Value | $337,061 |
Housing Distribution
Address Breakdown
Residential
7,187
Single Family
5,191
Multi-Family
1,996
Businesses
536
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Dorey • Kensington Realty Group Inc.
Mls Name: MichRIC
Mls ID: #25019436