1369 FlamingoWixomMI48393
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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 Wixom at 1369 Flamingo, Wixom, MI, 48393 uses $129,252 cash to close to unlock $10,118/yr annual cash flow and $843/mo monthly cash flow. Total monthly income runs $3,414/mo, and a $1,908/mo payment keeps the spread at $843/mo. Purchase price stands at $389,900, and rental yield measures 10.51% with $3,414/mo rent. Return on cash invested shows 27.74% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 145.37% and total cumulative return in cash records $187,897. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,414/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Single Family
Built in 1971
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48393, Wixom, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,901 (100%) |
| Owner Occupied HU | 4,624 (46.7%) |
| Renter Occupied HU | 4,838 (48.9%) |
| Vacant Housing Units | 439 ( 4.4%) |
| Median Home Value | $347,214 |
| Average Home Value | $353,308 |
Housing Distribution
Address Breakdown
Residential
8,135
Single Family
7,481
Multi-Family
654
Businesses
1,247
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