Carnoustie Dr #VWPUEQOkemosMI48864
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 Okemos at Carnoustie Dr #VWPUEQ, Okemos, MI, 48864 at $381,800 posts ROI 25.16% with $554/mo cash flow from $3,072/mo rent. Total monthly income equals $3,072/mo, and annual cash flow records $6,647/yr on $126,567 to close. Return on cash invested measures 25.16% and rental yield reads 9.66% at the current $381,800. Equity gained on principal adds $2,464/yr, and 5% annual appreciation supports $105,484 by year five. Five-year ROI prints 131.53% and total cumulative return in cash totals $166,478.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,072/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48864, Okemos, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,559 (100%) |
| Owner Occupied HU | 6,293 (65.8%) |
| Renter Occupied HU | 2,783 (29.1%) |
| Vacant Housing Units | 483 ( 5.1%) |
| Median Home Value | $358,401 |
| Average Home Value | $397,029 |
Housing Distribution
Address Breakdown
Residential
9,606
Single Family
8,361
Multi-Family
1,245
Businesses
850
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