101 Colorado StHighland ParkMI48203
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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 Highland Park at 101 Colorado St, Highland Park, MI, 48203 priced at $245,900 pairs $2,360/mo rent with $738/mo cash flow after a $1,204/mo payment. Total monthly income equals $2,360/mo, and annual cash flow comes to $8,856/yr on $81,516 invested. Return on cash invested is 30.77% in year one, and rental yield stands at 11.52% on a $245,900 basis. Equity gained on principal adds $1,587/yr, and 5% annual appreciation accumulates to $67,938 by year five. Five-year ROI measures 161.63% and total cumulative return in cash reaches $131,755. For financing, Ziffy Mortgage’s DSCR program evaluates $2,360/mo property income against a $1,204/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1915
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48203, Highland Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,489 (100%) |
| Owner Occupied HU | 4,387 (35.1%) |
| Renter Occupied HU | 5,373 (43.0%) |
| Vacant Housing Units | 2,729 (21.9%) |
| Median Home Value | $78,032 |
| Average Home Value | $184,025 |
Housing Distribution
Address Breakdown
Residential
9,992
Single Family
7,632
Multi-Family
2,360
Businesses
784
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Listed by: Starlite Aaron Williams • Brookstone, Realtors LLC
Mls Name: Realcomp II
Mls ID: #20251051942