13368 Phelps StSouthgateMI48195
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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 Southgate at 13368 Phelps St, Southgate, MI, 48195 offers a 9% rental yield on a $199,900 purchase with $1,499/mo rent. Total monthly income registers $1,499/mo, and a $978/mo payment leaves $181/mo available for distribution. Annual cash flow reaches $2,174/yr on $66,267 to close, and return on cash invested stands at 23.19% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 121.02% and total cumulative return in cash at $80,197. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,499/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
4,791 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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