Bishop Reed Dr #PYCZ8TTecumsehMI49286
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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 #PYCZ8T, Tecumseh, MI, 49286 uses $149,507 cash to close to unlock $2,812/yr annual cash flow and $234/mo monthly cash flow. Total monthly income runs $3,208/mo, and a $2,207/mo payment keeps the spread at $234/mo. Purchase price stands at $451,000, and rental yield measures 8.54% with $3,208/mo rent. Return on cash invested shows 21.79% in year one, and 5% annual appreciation builds toward $124,603 over five years. Five-year ROI reaches 113.47% and total cumulative return in cash records $169,640. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,208/mo property income covering a $2,207/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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