1046 6th 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
Rental property for sale in Wyandotte at 1046 6th St, Wyandotte, MI, 48192 generates $1,654/mo in rent and, after a $1,150/mo payment, leaves $105/mo in cash flow. Total monthly income is $1,654/mo, and annual cash flow is $1,256/yr on $77,869 invested. Return on cash invested sits at 21.52% in year one, and rental yield is 8.45% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 112.05% and total cumulative return in cash sums $87,249. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,654/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
6,534 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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