1233 Elliott AveMadison HeightsMI48071
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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 Madison Heights at 1233 Elliott Ave, Madison Heights, MI, 48071 earns $511/mo cash flow from $2,450/mo rent with a $1,439/mo payment. Total monthly income totals $2,450/mo, and annual cash flow totals $6,134/yr on $97,461 capital. ROI tracks 26.2% on current figures, and rental yield reads 10% at a $294,000 purchase. Equity gained on principal adds $1,897/yr, and 5% annual appreciation supports $81,227 over five years. Five-year ROI reaches 137.16% and total cumulative return in cash sums $133,680. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,450/mo property income instead of your personal income.
Single Family
Built in 1957
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48071, Madison Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,231 (100%) |
| Owner Occupied HU | 8,366 (58.8%) |
| Renter Occupied HU | 5,264 (37.0%) |
| Vacant Housing Units | 601 ( 4.2%) |
| Median Home Value | $197,440 |
| Average Home Value | $259,278 |
Housing Distribution
Address Breakdown
Residential
13,452
Single Family
10,881
Multi-Family
2,571
Businesses
1,538
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Listed by: Chris Dabaldo • Amerapro
Mls Name: Realcomp II
Mls ID: #20251041545