15944 Meyer 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 15944 Meyer Ave, Allen Park, MI, 48101 earns $236/mo cash flow from $1,323/mo rent with a $807/mo payment. Total monthly income totals $1,323/mo, and annual cash flow totals $2,828/yr on $54,664 capital. ROI tracks 25.08% on current figures, and rental yield reads 9.63% at a $164,900 purchase. Equity gained on principal adds $1,064/yr, and 5% annual appreciation supports $45,559 over five years. Five-year ROI reaches 131.13% and total cumulative return in cash sums $71,680. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,323/mo property income instead of your personal income.
Single Family
Built in 1955
3,920 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: Robin Massey • North Shores Properties, LLC.
Mls Name: MichRIC
Mls Provider:
Mls ID: #25025464
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.