16460 Taft StRomulusMI48174
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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 Romulus at 16460 Taft St, Romulus, MI, 48174 uses $63,648 cash to close to unlock $6,931/yr annual cash flow and $578/mo monthly cash flow. Total monthly income runs $1,844/mo, and a $940/mo payment keeps the spread at $578/mo. Purchase price stands at $192,000, and rental yield measures 11.53% with $1,844/mo rent. Return on cash invested shows 30.8% in year one, and 5% annual appreciation builds toward $53,046 over five years. Five-year ROI reaches 161.79% and total cumulative return in cash records $102,976. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,844/mo property income covering a $940/mo payment rather than investor’s personal income.
Single Family
Built in 1968
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48174, Romulus, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,868 (100%) |
| Owner Occupied HU | 9,440 (68.1%) |
| Renter Occupied HU | 3,802 (27.4%) |
| Vacant Housing Units | 626 ( 4.5%) |
| Median Home Value | $203,267 |
| Average Home Value | $220,740 |
Housing Distribution
Address Breakdown
Residential
13,556
Single Family
11,733
Multi-Family
1,823
Businesses
1,056
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