Steinway Dr #82RJXILindenMI48451
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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
Rental property for sale in Linden at Steinway Dr #82RJXI, Linden, MI, 48451 priced at $464,100 converts $3,829/mo rent into $768/mo cash flow after a $2,272/mo obligation. Total monthly income equals $3,829/mo, and annual cash flow totals $9,216/yr on $153,849 invested. Return on cash invested prints 25.9% in year one, and rental yield reads 9.9% against a $464,100 entry. Equity gained on principal adds $2,995/yr, while 5% annual appreciation compiles into $128,222 by year five. Five-year ROI reaches 135.53% and total cumulative return in cash sums $208,505. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,829/mo property income covering a $2,272/mo payment, not borrower’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: 48451, Linden, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,742 (100%) |
| Owner Occupied HU | 5,828 (86.4%) |
| Renter Occupied HU | 535 ( 7.9%) |
| Vacant Housing Units | 379 ( 5.6%) |
| Median Home Value | $300,495 |
| Average Home Value | $344,425 |
Housing Distribution
Address Breakdown
Residential
6,442
Single Family
6,442
Multi-Family
0
Businesses
260
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