1594 Progress AveLincoln ParkMI48146
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lincoln Park at 1594 Progress Ave, Lincoln Park, MI, 48146 uses $61,328 cash to close to unlock $10,038/yr annual cash flow and $837/mo monthly cash flow. Total monthly income runs $2,056/mo, and a $905/mo payment keeps the spread at $837/mo. Purchase price stands at $185,000, and rental yield measures 13.34% with $2,056/mo rent. Return on cash invested shows 36.28% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 191.17% and total cumulative return in cash records $117,243. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,056/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1954
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48146, Lincoln Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,394 (100%) |
| Owner Occupied HU | 11,122 (67.8%) |
| Renter Occupied HU | 4,506 (27.5%) |
| Vacant Housing Units | 766 ( 4.7%) |
| Median Home Value | $123,136 |
| Average Home Value | $171,848 |
Housing Distribution
Address Breakdown
Residential
15,865
Single Family
14,963
Multi-Family
902
Businesses
737
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jean Bowyer • Jean Bowyer Hartford Downriver
Mls Name: MiRealSource
Mls ID: #50193889