157 E Elmwood Ave, Leonard, MI, 48367 | $18/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1410 sft

56468 Chesapeake Trl, Shelby Township, MI, 48316

3 Bed
3 Bath
2161 sft

4364 S Meadow Dr, Waterford, MI, 48329

3 Bed
2 Bath
1897 sft

503 N Walker St, Capac, MI, 48014

3 Bed
1 Bath
1228 sft

6275 Williams Lake Rd, Waterford, MI, 48329

Nearby investment properties with comparable prices

3 Bed
2 Bath
1555 sft

1095 Wyman Dr, Waterford, MI, 48328

3 Bed
3 Bath
2789 sft

15375 Windmill Ct, Macomb, MI, 48044

4 Bed
2 Bath
1584 sft

2069 Dexter Rd, Auburn Hills, MI, 48326

2 Bed
1 Bath
850 sft

769 Markdale Ave, Lake Orion, MI, 48362

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Leonard at 157 E Elmwood Ave, Leonard, MI, 48367 priced at $375,000 pairs $2,490/mo rent with $18/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,490/mo, and annual cash flow comes to $210/yr on $124,313 invested. Return on cash invested is 20.08% in year one, and rental yield stands at 7.97% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 104.28% and total cumulative return in cash reaches $129,639. For financing, Ziffy Mortgage’s DSCR program evaluates $2,490/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1901

7.89 Acres lot

$N/A/sqft

No HOA