166 Oak StWyandotteMI48192
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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 Wyandotte at 166 Oak St, Wyandotte, MI, 48192 priced at $374,486 pairs $1,391/mo rent with after a $1,833/mo payment. Total monthly income equals $1,391/mo. Return on cash invested is 9.48% in year one, and rental yield stands at 4.46% on a $374,486 basis. Equity gained on principal adds $2,417/yr, and 5% annual appreciation accumulates to $103,464 by year five. Five-year ROI measures 47.48% and total cumulative return in cash reaches $58,941. For financing, Ziffy Mortgage’s DSCR program evaluates $1,391/mo property income against a $1,833/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48192, Wyandotte, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,696 (100%) |
| Owner Occupied HU | 8,342 (71.3%) |
| Renter Occupied HU | 2,801 (23.9%) |
| Vacant Housing Units | 553 ( 4.7%) |
| Median Home Value | $181,081 |
| Average Home Value | $212,561 |
Housing Distribution
Address Breakdown
Residential
11,474
Single Family
10,333
Multi-Family
1,141
Businesses
816
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