13084 Fordline StSouthgateMI48195
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
Investment property for sale in Southgate at 13084 Fordline St, Southgate, MI, 48195 earns $540/mo cash flow from $1,727/mo rent with a $881/mo payment. Total monthly income totals $1,727/mo, and annual cash flow totals $6,480/yr on $59,670 capital. ROI tracks 30.77% on current figures, and rental yield reads 11.51% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 161.6% and total cumulative return in cash sums $96,425. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,727/mo property income instead of your personal income.
Single Family
Built in 1947
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48195, Southgate, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,062 (100%) |
| Owner Occupied HU | 9,105 (64.7%) |
| Renter Occupied HU | 4,432 (31.5%) |
| Vacant Housing Units | 525 ( 3.7%) |
| Median Home Value | $177,418 |
| Average Home Value | $210,773 |
Housing Distribution
Address Breakdown
Residential
14,017
Single Family
11,156
Multi-Family
2,861
Businesses
893
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Nearby investment properties with comparable prices
Listed by: Alice Burton • Real Estate One Southgate
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50193716
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