1331 E Bennette StFerndaleMI48220
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 Ferndale at 1331 E Bennette St, Ferndale, MI, 48220 at $235,000 posts ROI 30.95% with $717/mo cash flow from $2,291/mo rent. Total monthly income equals $2,291/mo, and annual cash flow records $8,602/yr on $77,903 to close. Return on cash invested measures 30.95% and rental yield reads 11.7% at the current $235,000. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 by year five. Five-year ROI prints 162.72% and total cumulative return in cash totals $126,760.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,291/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1948
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48220, Ferndale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,987 (100%) |
| Owner Occupied HU | 7,505 (62.6%) |
| Renter Occupied HU | 4,002 (33.4%) |
| Vacant Housing Units | 480 ( 4.0%) |
| Median Home Value | $261,162 |
| Average Home Value | $291,163 |
Housing Distribution
Address Breakdown
Residential
11,565
Single Family
10,425
Multi-Family
1,140
Businesses
1,089
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Listed by: Richard Kolb • Real Estate One Chesterfield
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50168479
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