15029 HarrisonRomulusMI48174
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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 Romulus at 15029 Harrison, Romulus, MI, 48174 offers a 15.74% rental yield on a $145,500 purchase with $1,909/mo rent. Total monthly income registers $1,909/mo, and a $712/mo payment leaves $950/mo available for distribution. Annual cash flow reaches $11,396/yr on $48,233 to close, and return on cash invested stands at 43.54% in year one. Equity gained on principal adds $939/yr while 5% annual appreciation supports $40,199 over five years. Portfolio math shows five-year ROI at 230.13% and total cumulative return in cash at $110,997. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,909/mo property income against a $712/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48174, Romulus, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,868 (100%) |
| Owner Occupied HU | 9,440 (68.1%) |
| Renter Occupied HU | 3,802 (27.4%) |
| Vacant Housing Units | 626 ( 4.5%) |
| Median Home Value | $203,267 |
| Average Home Value | $220,740 |
Housing Distribution
Address Breakdown
Residential
13,556
Single Family
11,733
Multi-Family
1,823
Businesses
1,056
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