14820 Paris Ct #15Allen ParkMI48101
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
Investment property for sale in Allen Park at 14820 Paris Ct #15, Allen Park, MI, 48101 uses $62,952 cash to close to unlock $2,654/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $1,473/mo, and a $929/mo payment keeps the spread at $221/mo. Purchase price stands at $189,900, and rental yield measures 9.31% with $1,473/mo rent. Return on cash invested shows 24.12% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 126.05% and total cumulative return in cash records $79,349. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,473/mo property income covering a $929/mo payment rather than investor’s personal income.
Condo
Built in 1990
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Harry Cassidy • Real Estate Unlimited, Inc
Mls Name: Realcomp II
Mls ID: #20251053517