16106 Chesterfield 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
Investment property for sale in Eastpointe at 16106 Chesterfield Ave, Eastpointe, MI, 48021 offers a 9.39% rental yield on a $170,000 purchase with $1,330/mo rent. Total monthly income registers $1,330/mo, and a $832/mo payment leaves $209/mo available for distribution. Annual cash flow reaches $2,508/yr on $56,355 to close, and return on cash invested stands at 24.36% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 127.25% and total cumulative return in cash at $71,709. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,330/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
9,147 sqft 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: Robert Neely • Keller Williams Legacy
Mls Name: Realcomp II
Mls ID: #20251043591