1100 Rosewood StFerndaleMI48220
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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 Ferndale at 1100 Rosewood St, Ferndale, MI, 48220 uses $84,533 cash to close to unlock $4,302/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $2,040/mo, and a $1,248/mo payment keeps the spread at $359/mo. Purchase price stands at $255,000, and rental yield measures 9.6% with $2,040/mo rent. Return on cash invested shows 25% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 130.68% and total cumulative return in cash records $110,468. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,040/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1920
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48220, Ferndale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,987 (100%) |
| Owner Occupied HU | 7,505 (62.6%) |
| Renter Occupied HU | 4,002 (33.4%) |
| Vacant Housing Units | 480 ( 4.0%) |
| Median Home Value | $261,162 |
| Average Home Value | $291,163 |
Housing Distribution
Address Breakdown
Residential
11,565
Single Family
10,425
Multi-Family
1,140
Businesses
1,089
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