15553 McLain 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 15553 McLain Ave, Allen Park, MI, 48101 offers a 8.05% rental yield on a $331,000 purchase with $2,220/mo rent. Total monthly income registers $2,220/mo, and a $1,620/mo payment leaves $37/mo available for distribution. Annual cash flow reaches $448/yr on $109,727 to close, and return on cash invested stands at 20.32% in year one. Equity gained on principal adds $2,136/yr while 5% annual appreciation supports $91,449 over five years. Portfolio math shows five-year ROI at 105.59% and total cumulative return in cash at $115,861. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,220/mo property income against a $1,620/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
9,147 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: Jonathan Minerick • HomeCoin.com
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50179019
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