10210 Monroe RdElwellMI48832
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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 Elwell at 10210 Monroe Rd, Elwell, MI, 48832 generates $908/mo in rent and, after a $563/mo payment, leaves $150/mo in cash flow. Total monthly income is $908/mo, and annual cash flow is $1,794/yr on $38,123 invested. Return on cash invested sits at 24.61% in year one, and rental yield is 9.47% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 128.7% and total cumulative return in cash sums $49,065. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $908/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48832, Elwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 653 (100%) |
| Owner Occupied HU | 538 (82.4%) |
| Renter Occupied HU | 50 ( 7.7%) |
| Vacant Housing Units | 65 ( 10.0%) |
| Median Home Value | $168,077 |
| Average Home Value | $195,367 |
Housing Distribution
Address Breakdown
Residential
563
Single Family
563
Multi-Family
0
Businesses
10
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