17206 Flora StMelvindaleMI48122
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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 Melvindale at 17206 Flora St, Melvindale, MI, 48122 uses $56,355 cash to close to unlock $4,452/yr annual cash flow and $371/mo monthly cash flow. Total monthly income runs $1,492/mo, and a $832/mo payment keeps the spread at $371/mo. Purchase price stands at $170,000, and rental yield measures 10.53% with $1,492/mo rent. Return on cash invested shows 27.81% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 145.71% and total cumulative return in cash records $82,113. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,492/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1922
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48122, Melvindale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,839 (100%) |
| Owner Occupied HU | 2,754 (56.9%) |
| Renter Occupied HU | 1,821 (37.6%) |
| Vacant Housing Units | 264 ( 5.5%) |
| Median Home Value | $107,707 |
| Average Home Value | $135,604 |
Housing Distribution
Address Breakdown
Residential
4,628
Single Family
3,891
Multi-Family
737
Businesses
279
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Listed by: Mark Whitehead • EXP Realty - Mark White & Associates
Mls Name: Realcomp II
Mls ID: #20251041339