13146 Elgin AveHuntington WoodsMI48070
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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 Huntington Woods at 13146 Elgin Ave, Huntington Woods, MI, 48070 uses $142,545 cash to close to unlock $9,360/yr annual cash flow and $780/mo monthly cash flow. Total monthly income runs $3,616/mo, and a $2,105/mo payment keeps the spread at $780/mo. Purchase price stands at $430,000, and rental yield measures 10.09% with $3,616/mo rent. Return on cash invested shows 26.48% in year one, and 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 138.58% and total cumulative return in cash records $197,535. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,616/mo property income covering a $2,105/mo payment rather than investor’s personal income.
Single Family
Built in 1950
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48070, Huntington Woods, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,436 (100%) |
| Owner Occupied HU | 2,349 (96.4%) |
| Renter Occupied HU | 57 ( 2.3%) |
| Vacant Housing Units | 30 ( 1.2%) |
| Median Home Value | $483,526 |
| Average Home Value | $536,033 |
Housing Distribution
Address Breakdown
Residential
2,428
Single Family
2,428
Multi-Family
0
Businesses
89
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Listed by: Camille Elsea • Max Broock, REALTORS-Birmingham
Mls Name: Realcomp II
Mls ID: #20251026834