1006 Riverbank StLincoln ParkMI48146
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 Lincoln Park at 1006 Riverbank St, Lincoln Park, MI, 48146 listed at $199,400 pairs $1,880/mo rent with a $976/mo payment to leave $565/mo cash flow. Total monthly income runs $1,880/mo, and annual cash flow reaches $6,780/yr on $66,101 cash to close. Return on cash invested measures 30.17% in year one, and rental yield registers 11.31% at a $199,400 basis. Equity gained on principal adds $1,287/yr, and annual property appreciation at 5% supports $55,091 by year five. Five-year ROI tracks 158.45% and total cumulative return in cash totals $104,736. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,880/mo property income relative to a $976/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1947
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48146, Lincoln Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,394 (100%) |
| Owner Occupied HU | 11,122 (67.8%) |
| Renter Occupied HU | 4,506 (27.5%) |
| Vacant Housing Units | 766 ( 4.7%) |
| Median Home Value | $123,136 |
| Average Home Value | $171,848 |
Housing Distribution
Address Breakdown
Residential
15,865
Single Family
14,963
Multi-Family
902
Businesses
737
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark L Gutierrez • Home Direct Realty
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250004021
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-02-15 14:55:33 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702