120 Tuxedo StHighland ParkMI48203
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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 Highland Park at 120 Tuxedo St, Highland Park, MI, 48203 priced at $379,900 converts $2,574/mo rent into $69/mo cash flow after a $1,859/mo obligation. Total monthly income equals $2,574/mo, and annual cash flow totals $830/yr on $125,937 invested. Return on cash invested prints 20.57% in year one, and rental yield reads 8.13% against a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,959 by year five. Five-year ROI reaches 106.93% and total cumulative return in cash sums $134,669. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,574/mo property income covering a $1,859/mo payment, not borrower’s personal income.
Single Family
Built in 1923
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48203, Highland Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,489 (100%) |
| Owner Occupied HU | 4,387 (35.1%) |
| Renter Occupied HU | 5,373 (43.0%) |
| Vacant Housing Units | 2,729 (21.9%) |
| Median Home Value | $78,032 |
| Average Home Value | $184,025 |
Housing Distribution
Address Breakdown
Residential
9,992
Single Family
7,632
Multi-Family
2,360
Businesses
784
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Listed by: Clayton Neal • KW Metro
Mls Name: Realcomp II
Mls ID: #20251056904