FAIRMONT Northtowne Meadows Plan, Northtowne MeadowsNy6okc ErieMI48133
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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 Ny6okc Erie at FAIRMONT Northtowne Meadows Plan, Northtowne Meadows, Ny6okc Erie, MI, 48133 uses $35,968 cash to close to unlock $1,531/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $843/mo, and a $531/mo payment keeps the spread at $128/mo. Purchase price stands at $108,500, and rental yield measures 9.32% with $843/mo rent. Return on cash invested shows 24.16% in year one, and 5% annual appreciation builds toward $29,977 over five years. Five-year ROI reaches 126.27% and total cumulative return in cash records $45,417. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $843/mo property income covering a $531/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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Listed by: N/A • UMH Properties, Inc.
Mls Name: UMH Properties Inc
Mls Provider:
Mls ID: #N/A