1018 23rd StWyandotteMI48192
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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 Wyandotte at 1018 23rd St, Wyandotte, MI, 48192 uses $53,040 cash to close to unlock $2,304/yr annual cash flow and $192/mo monthly cash flow. Total monthly income runs $1,247/mo, and a $783/mo payment keeps the spread at $192/mo. Purchase price stands at $160,000, and rental yield measures 9.35% with $1,247/mo rent. Return on cash invested shows 24.25% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 126.68% and total cumulative return in cash records $67,190. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,247/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1942
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48192, Wyandotte, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,696 (100%) |
| Owner Occupied HU | 8,342 (71.3%) |
| Renter Occupied HU | 2,801 (23.9%) |
| Vacant Housing Units | 553 ( 4.7%) |
| Median Home Value | $181,081 |
| Average Home Value | $212,561 |
Housing Distribution
Address Breakdown
Residential
11,474
Single Family
10,333
Multi-Family
1,141
Businesses
816
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