15742 Kennebec StSouthgateMI48195
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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 Southgate at 15742 Kennebec St, Southgate, MI, 48195 uses $66,267 cash to close to unlock $12,530/yr annual cash flow and $1,044/mo monthly cash flow. Total monthly income runs $2,362/mo, and a $978/mo payment keeps the spread at $1,044/mo. Purchase price stands at $199,900, and rental yield measures 14.18% with $2,362/mo rent. Return on cash invested shows 38.82% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 204.83% and total cumulative return in cash records $135,733. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,362/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1959
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48195, Southgate, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,062 (100%) |
| Owner Occupied HU | 9,105 (64.7%) |
| Renter Occupied HU | 4,432 (31.5%) |
| Vacant Housing Units | 525 ( 3.7%) |
| Median Home Value | $177,418 |
| Average Home Value | $210,773 |
Housing Distribution
Address Breakdown
Residential
14,017
Single Family
11,156
Multi-Family
2,861
Businesses
893
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