1428 Riverbank StLincoln ParkMI48146
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 Lincoln Park at 1428 Riverbank St, Lincoln Park, MI, 48146 priced at $175,900 pairs $1,806/mo rent with $646/mo cash flow after a $861/mo payment. Total monthly income equals $1,806/mo, and annual cash flow comes to $7,752/yr on $58,311 invested. Return on cash invested is 33.2% in year one, and rental yield stands at 12.32% on a $175,900 basis. Equity gained on principal adds $1,135/yr, and 5% annual appreciation accumulates to $48,598 by year five. Five-year ROI measures 174.64% and total cumulative return in cash reaches $101,833. For financing, Ziffy Mortgage’s DSCR program evaluates $1,806/mo property income against a $861/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1941
4,792 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48146, Lincoln Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,394 (100%) |
| Owner Occupied HU | 11,122 (67.8%) |
| Renter Occupied HU | 4,506 (27.5%) |
| Vacant Housing Units | 766 ( 4.7%) |
| Median Home Value | $123,136 |
| Average Home Value | $171,848 |
Housing Distribution
Address Breakdown
Residential
15,865
Single Family
14,963
Multi-Family
902
Businesses
737
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A