15156 Meyer 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 15156 Meyer Ave, Allen Park, MI, 48101 earns $236/mo cash flow from $1,521/mo rent with a $954/mo payment. Total monthly income totals $1,521/mo, and annual cash flow totals $2,826/yr on $64,643 capital. ROI tracks 24.28% on current figures, and rental yield reads 9.36% at a $195,000 purchase. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,875 over five years. Five-year ROI reaches 126.82% and total cumulative return in cash sums $81,982. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,521/mo property income instead of your personal income.
Single Family
Built in 1952
4,356 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: Nicole Porter • River Oaks Realty
Mls Name: Realcomp II
Mls ID: #20251021900