17224 Michigan Heights DrRomulusMI48174
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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 17224 Michigan Heights Dr, Romulus, MI, 48174 uses $112,677 cash to close to unlock $17,654/yr annual cash flow and $1,471/mo monthly cash flow. Total monthly income runs $3,713/mo, and a $1,664/mo payment keeps the spread at $1,471/mo. Purchase price stands at $339,900, and rental yield measures 13.11% with $3,713/mo rent. Return on cash invested shows 35.58% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 187.43% and total cumulative return in cash records $211,187. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,713/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2002
7,405 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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