114 Walnut StRiver RougeMI48218
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 River Rouge at 114 Walnut St, River Rouge, MI, 48218 priced at $181,800 pairs $1,354/mo rent with $155/mo cash flow after a $890/mo payment. Total monthly income equals $1,354/mo, and annual cash flow comes to $1,859/yr on $60,267 invested. Return on cash invested is 22.99% in year one, and rental yield stands at 8.94% on a $181,800 basis. Equity gained on principal adds $1,173/yr, and 5% annual appreciation accumulates to $50,228 by year five. Five-year ROI measures 119.9% and total cumulative return in cash reaches $72,258. For financing, Ziffy Mortgage’s DSCR program evaluates $1,354/mo property income against a $890/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1924
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48218, River Rouge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,292 (100%) |
| Owner Occupied HU | 1,532 (46.5%) |
| Renter Occupied HU | 1,194 (36.3%) |
| Vacant Housing Units | 566 (17.2%) |
| Median Home Value | $69,308 |
| Average Home Value | $118,450 |
Housing Distribution
Address Breakdown
Residential
2,782
Single Family
2,619
Multi-Family
163
Businesses
154
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Listed by: N/A • N/A
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