1538 Beechwood StMonroeMI48162
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
Rental property for sale in Monroe at 1538 Beechwood St, Monroe, MI, 48162 priced at $157,950 converts $1,271/mo rent into $229/mo cash flow after a $773/mo obligation. Total monthly income equals $1,271/mo, and annual cash flow totals $2,754/yr on $52,360 invested. Return on cash invested prints 25.17% in year one, and rental yield reads 9.66% against a $157,950 entry. Equity gained on principal adds $1,019/yr, while 5% annual appreciation compiles into $43,639 by year five. Five-year ROI reaches 131.63% and total cumulative return in cash sums $68,922. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,271/mo property income covering a $773/mo payment, not borrower’s personal income.
Single Family
Built in 1928
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48162, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,229 (100%) |
| Owner Occupied HU | 8,910 (67.4%) |
| Renter Occupied HU | 3,509 (26.5%) |
| Vacant Housing Units | 810 ( 6.1%) |
| Median Home Value | $217,176 |
| Average Home Value | $263,697 |
Housing Distribution
Address Breakdown
Residential
12,536
Single Family
11,056
Multi-Family
1,480
Businesses
667
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Listed by: Barbara Biskner • Synergy Realty Group
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50149576
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