141 Paton WayRomeoMI48065
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow141 Paton Way, Romeo, MI, 48065 in Romeo is a solid income-producing rental, 10.12% gross yield, $2,766/mo rent, $348/mo net cash flow on a $328,000 buy. DSCR 1.88 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $90,620 and $3,021/yr in principal reduction project a total cumulative return of $148,483.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.8% |
| Monthly Cash Flow | $348 | $900 |
City averages based on Romeo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,766 |
| Total Monthly Debt Service | $2,287 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2001
0.69 Acres lot
$N/A/sqft
$255 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48065, Romeo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,478 (100%) |
| Owner Occupied HU | 3,593 (80.2%) |
| Renter Occupied HU | 665 (14.9%) |
| Vacant Housing Units | 220 ( 4.9%) |
| Median Home Value | $395,519 |
| Average Home Value | $433,222 |
Housing Distribution
Address Breakdown
Residential
4,668
Single Family
4,621
Multi-Family
47
Businesses
427
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
Condo
Built in 2001
0.69 Acres lot
$N/A/sqft
$255 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48065, Romeo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,478 (100%) |
| Owner Occupied HU | 3,593 (80.2%) |
| Renter Occupied HU | 665 (14.9%) |
| Vacant Housing Units | 220 ( 4.9%) |
| Median Home Value | $395,519 |
| Average Home Value | $433,222 |
Housing Distribution
Address Breakdown
Residential
4,668
Single Family
4,621
Multi-Family
47
Businesses
427
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
