Bishop Reed Dr #8JJHMETecumsehMI49286
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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
Investment property for sale in Tecumseh at Bishop Reed Dr #8JJHME, Tecumseh, MI, 49286 uses $126,069 cash to close to unlock $4,554/yr annual cash flow and $379/mo monthly cash flow. Total monthly income runs $2,887/mo, and a $1,861/mo payment keeps the spread at $379/mo. Purchase price stands at $380,300, and rental yield measures 9.11% with $2,887/mo rent. Return on cash invested shows 23.52% in year one, and 5% annual appreciation builds toward $105,070 over five years. Five-year ROI reaches 122.76% and total cumulative return in cash records $154,763. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,887/mo property income covering a $1,861/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49286, Tecumseh, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,681 (100%) |
| Owner Occupied HU | 5,228 (78.3%) |
| Renter Occupied HU | 1,085 (16.2%) |
| Vacant Housing Units | 368 ( 5.5%) |
| Median Home Value | $242,452 |
| Average Home Value | $272,261 |
Housing Distribution
Address Breakdown
Residential
6,441
Single Family
6,049
Multi-Family
392
Businesses
453
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