14618 Horger AveAllen ParkMI48101
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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 Allen Park at 14618 Horger Ave, Allen Park, MI, 48101 uses $72,267 cash to close to unlock $7,793/yr annual cash flow and $649/mo monthly cash flow. Total monthly income runs $2,087/mo, and a $1,067/mo payment keeps the spread at $649/mo. Purchase price stands at $218,000, and rental yield measures 11.49% with $2,087/mo rent. Return on cash invested shows 30.69% in year one, and 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 161.25% and total cumulative return in cash records $116,527. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,087/mo property income covering a $1,067/mo payment rather than investor’s personal income.
Single Family
Built in 1950
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48101, Allen Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,085 (100%) |
| Owner Occupied HU | 10,116 (83.7%) |
| Renter Occupied HU | 1,572 (13.0%) |
| Vacant Housing Units | 397 ( 3.3%) |
| Median Home Value | $187,948 |
| Average Home Value | $215,740 |
Housing Distribution
Address Breakdown
Residential
12,113
Single Family
11,161
Multi-Family
952
Businesses
838
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Listed by: Penny L Tarwacki • Real Estate One Southgate
Mls Name: MiRealSource
Mls ID: #50196818