The Mayfair Plan, Thomas FarmsDewittMI48820
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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 Dewitt at The Mayfair Plan, Thomas Farms, Dewitt, MI, 48820 with 5% annual appreciation on a $419,000 basis while $4,710/mo rent supports operations. Total monthly income totals $4,710/mo and a $2,051/mo payment preserves $1,947/mo for cash returns. Annual cash flow comes to $23,360/yr on $138,899 deployed, and return on cash invested reaches 36.73% in year one. Equity gained on principal adds $2,704/yr, and five-year appreciation sums $115,762 alongside rental yield of 13.49%. Five-year ROI measures 193.56% and total cumulative return in cash totals $268,853.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,710/mo property income versus a $2,051/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48820, Dewitt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,301 (100%) |
| Owner Occupied HU | 5,996 (82.1%) |
| Renter Occupied HU | 1,100 (15.1%) |
| Vacant Housing Units | 205 ( 2.8%) |
| Median Home Value | $350,447 |
| Average Home Value | $373,130 |
Housing Distribution
Address Breakdown
Residential
7,660
Single Family
6,974
Multi-Family
686
Businesses
447
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