15453 Eastwood DrMonroeMI48161
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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 Monroe at 15453 Eastwood Dr, Monroe, MI, 48161 listed at $119,000 pairs $1,651/mo rent with a $582/mo payment to leave $867/mo cash flow. Total monthly income runs $1,651/mo, and annual cash flow reaches $10,400/yr on $39,449 cash to close. Return on cash invested measures 46.27% in year one, and rental yield registers 16.65% at a $119,000 basis. Equity gained on principal adds $768/yr, and annual property appreciation at 5% supports $32,878 by year five. Five-year ROI tracks 244.8% and total cumulative return in cash totals $96,569. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,651/mo property income relative to a $582/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48161, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,644 (100%) |
| Owner Occupied HU | 7,882 (67.7%) |
| Renter Occupied HU | 3,086 (26.5%) |
| Vacant Housing Units | 676 ( 5.8%) |
| Median Home Value | $208,509 |
| Average Home Value | $247,595 |
Housing Distribution
Address Breakdown
Residential
10,812
Single Family
10,329
Multi-Family
483
Businesses
910
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Listed by: Toni Morrin • Wiens And Roth Real Estate - Lambertville
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50162399
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