15029 HarrisonRomulusMI48174
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 15029 Harrison, Romulus, MI, 48174 in Romulus deserves attention. This $145,500 property earns $1,909/mo in rent, a 15.75% gross yield, and nets $950/mo after the $654/mo payment. DSCR 2.92 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $40,199 compounds alongside $1,340/yr in yearly equity build, for a total cumulative return of $116,574.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.8% | 7.0% |
| Monthly Cash Flow | $950 | $1,200 |
City averages based on Romulus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,909 |
| Total Monthly Debt Service | $902 |
| DSCR Ratio | 2.12x |
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.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices