138 Tremont StMonroeMI48162
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
Rental property for sale in Monroe at 138 Tremont St, Monroe, MI, 48162 priced at $124,000 converts $1,826/mo rent into $926/mo cash flow after a $607/mo obligation. Total monthly income equals $1,826/mo, and annual cash flow totals $11,115/yr on $41,106 invested. Return on cash invested prints 46.95% in year one, and rental yield reads 17.67% against a $124,000 entry. Equity gained on principal adds $800/yr, while 5% annual appreciation compiles into $34,259 by year five. Five-year ROI reaches 249.34% and total cumulative return in cash sums $102,495. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,826/mo property income covering a $607/mo payment, not borrower’s personal income.
Single Family
Built in 1943
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48162, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,229 (100%) |
| Owner Occupied HU | 8,910 (67.4%) |
| Renter Occupied HU | 3,509 (26.5%) |
| Vacant Housing Units | 810 ( 6.1%) |
| Median Home Value | $217,176 |
| Average Home Value | $263,697 |
Housing Distribution
Address Breakdown
Residential
12,536
Single Family
11,056
Multi-Family
1,480
Businesses
667
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Listed by: Steve Hudkins • Berkshire Hathaway Home Service Kee Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50181611
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