1442 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 1442 Flamingo, Wixom, MI, 48393 with 5% annual appreciation on a $399,000 basis while $6,334/mo rent supports operations. Total monthly income totals $6,334/mo and a $1,953/mo payment preserves $3,653/mo for cash returns. Annual cash flow comes to $43,832/yr on $132,269 deployed, and return on cash invested reaches 53.05% in year one. Equity gained on principal adds $2,575/yr, and five-year appreciation sums $110,236 alongside rental yield of 19.05%. Five-year ROI measures 281.25% and total cumulative return in cash totals $372,002.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,334/mo property income versus a $1,953/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.34 Acres lot
$N/A/sqft
$50 optional 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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Listed by: Liz Stevenson • Real Estate One-Novi
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240062517
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-15 00:34:37 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702