154 McLean StHighland ParkMI48203
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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 Highland Park at 154 McLean St, Highland Park, MI, 48203 offers a 11.47% rental yield on a $199,999 purchase with $1,912/mo rent. Total monthly income registers $1,912/mo, and a $979/mo payment leaves $593/mo available for distribution. Annual cash flow reaches $7,116/yr on $66,300 to close, and return on cash invested stands at 30.64% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 160.92% and total cumulative return in cash at $106,688. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,912/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1913
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48203, Highland Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,489 (100%) |
| Owner Occupied HU | 4,387 (35.1%) |
| Renter Occupied HU | 5,373 (43.0%) |
| Vacant Housing Units | 2,729 (21.9%) |
| Median Home Value | $78,032 |
| Average Home Value | $184,025 |
Housing Distribution
Address Breakdown
Residential
9,992
Single Family
7,632
Multi-Family
2,360
Businesses
784
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Listed by: Mildred Robinson • Powell Real Estate
Mls Name: Realcomp II
Mls ID: #20251042713