1520 Vernon StTrentonMI48183
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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 Trenton at 1520 Vernon St, Trenton, MI, 48183 uses $42,764 cash to close to unlock $1,928/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $1,011/mo, and a $631/mo payment keeps the spread at $161/mo. Purchase price stands at $129,000, and rental yield measures 9.4% with $1,011/mo rent. Return on cash invested shows 24.42% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 127.57% and total cumulative return in cash records $54,553. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,011/mo property income covering a $631/mo payment rather than investor’s personal income.
Condo
Built in 1966
3.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48183, Trenton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,677 (100%) |
| Owner Occupied HU | 13,910 (74.5%) |
| Renter Occupied HU | 4,172 (22.3%) |
| Vacant Housing Units | 595 ( 3.2%) |
| Median Home Value | $228,663 |
| Average Home Value | $252,497 |
Housing Distribution
Address Breakdown
Residential
18,671
Single Family
15,983
Multi-Family
2,688
Businesses
1,012
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