15604 Nicolai AveEastpointeMI48021
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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 Eastpointe at 15604 Nicolai Ave, Eastpointe, MI, 48021 uses $56,355 cash to close to unlock $2,352/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $1,317/mo, and a $832/mo payment keeps the spread at $196/mo. Purchase price stands at $169,999, and rental yield measures 9.3% with $1,317/mo rent. Return on cash invested shows 24.08% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 125.73% and total cumulative return in cash records $70,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,317/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1945
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48021, Eastpointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,721 (100%) |
| Owner Occupied HU | 8,850 (64.5%) |
| Renter Occupied HU | 4,338 (31.6%) |
| Vacant Housing Units | 533 ( 3.9%) |
| Median Home Value | $132,729 |
| Average Home Value | $169,372 |
Housing Distribution
Address Breakdown
Residential
13,433
Single Family
12,805
Multi-Family
628
Businesses
1,046
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Listed by: Elizabeth Hamilton • Hamilton Realty Group
Mls Name: Realcomp II
Mls ID: #20251035922