10724 Vernon AveHuntington WoodsMI48070
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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 Huntington Woods at 10724 Vernon Ave, Huntington Woods, MI, 48070 generates $3,558/mo in rent and, after a $2,325/mo payment, leaves $426/mo in cash flow. Total monthly income is $3,558/mo, and annual cash flow is $5,106/yr on $157,463 invested. Return on cash invested sits at 23.15% in year one, and rental yield is 8.99% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 120.77% and total cumulative return in cash sums $190,171. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,558/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48070, Huntington Woods, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,436 (100%) |
| Owner Occupied HU | 2,349 (96.4%) |
| Renter Occupied HU | 57 ( 2.3%) |
| Vacant Housing Units | 30 ( 1.2%) |
| Median Home Value | $483,526 |
| Average Home Value | $536,033 |
Housing Distribution
Address Breakdown
Residential
2,428
Single Family
2,428
Multi-Family
0
Businesses
89
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Listed by: Tonia Burns • Epique Inc
Mls Name: MichRIC
Mls ID: #25036294