1451 Christine Ter #52Madison HeightsMI48071
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1451 Christine Ter #52, Madison Heights, MI, 48071 in Madison Heights at $109,000 earns $835/mo in rent and nets $116/mo after the $490/mo payment, a 9.19% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $30,115 over five years. Ziffy Mortgage underwrites this on a 1.70 DSCR without U.S. credit history. With $1,004/yr in principal paydown, total projected return reaches $49,017.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.0% |
| Monthly Cash Flow | $116 | $250 |
City averages based on Madison Heights market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $835 |
| Total Monthly Debt Service | $675 |
| DSCR Ratio | 1.24x |
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.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48071, Madison Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,231 (100%) |
| Owner Occupied HU | 8,366 (58.8%) |
| Renter Occupied HU | 5,264 (37.0%) |
| Vacant Housing Units | 601 ( 4.2%) |
| Median Home Value | $197,440 |
| Average Home Value | $259,278 |
Housing Distribution
Address Breakdown
Residential
13,452
Single Family
10,881
Multi-Family
2,571
Businesses
1,538
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
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48071, Madison Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,231 (100%) |
| Owner Occupied HU | 8,366 (58.8%) |
| Renter Occupied HU | 5,264 (37.0%) |
| Vacant Housing Units | 601 ( 4.2%) |
| Median Home Value | $197,440 |
| Average Home Value | $259,278 |
Housing Distribution
Address Breakdown
Residential
13,452
Single Family
10,881
Multi-Family
2,571
Businesses
1,538
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Le'asia Brooks • Madison Oaks
Mls Name: My State MLS
Mls ID: #11595810