Champion 385 Northtowne Meadows Plan, Northtowne MeadowsErieMI48133
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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 Erie at Champion 385 Northtowne Meadows Plan, Northtowne Meadows, Erie, MI, 48133 uses $54,664 cash to close to unlock $2,732/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $1,315/mo, and a $807/mo payment keeps the spread at $228/mo. Purchase price stands at $164,900, and rental yield measures 9.57% with $1,315/mo rent. Return on cash invested shows 24.91% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 130.21% and total cumulative return in cash records $71,176. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,315/mo property income covering a $807/mo payment rather than investor’s personal income.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48133, Erie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,167 (100%) |
| Owner Occupied HU | 1,767 (81.5%) |
| Renter Occupied HU | 225 (10.4%) |
| Vacant Housing Units | 175 ( 8.1%) |
| Median Home Value | $236,638 |
| Average Home Value | $248,434 |
Housing Distribution
Address Breakdown
Residential
2,474
Single Family
2,474
Multi-Family
0
Businesses
131
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