16042 Forest 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
Rental property for sale in Eastpointe at 16042 Forest Ave, Eastpointe, MI, 48021 generates $1,462/mo in rent and, after a $1,027/mo payment, leaves $78/mo in cash flow. Total monthly income is $1,462/mo, and annual cash flow is $938/yr on $69,582 invested. Return on cash invested sits at 21.26% in year one, and rental yield is 8.36% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 110.66% and total cumulative return in cash sums $77,000. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,462/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
0.25 Acres 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: John Rayes • Community Choice Realty Inc.
Mls Name: MiRealSource
Mls ID: #50193653