173 Richter StRiver RougeMI48218
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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 River Rouge at 173 Richter St, River Rouge, MI, 48218 uses $66,300 cash to close to unlock $6,792/yr annual cash flow and $566/mo monthly cash flow. Total monthly income runs $1,885/mo, and a $979/mo payment keeps the spread at $566/mo. Purchase price stands at $200,000, and rental yield measures 11.31% with $1,885/mo rent. Return on cash invested shows 30.15% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 158.29% and total cumulative return in cash records $104,948. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,885/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1929
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48218, River Rouge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,292 (100%) |
| Owner Occupied HU | 1,532 (46.5%) |
| Renter Occupied HU | 1,194 (36.3%) |
| Vacant Housing Units | 566 (17.2%) |
| Median Home Value | $69,308 |
| Average Home Value | $118,450 |
Housing Distribution
Address Breakdown
Residential
2,782
Single Family
2,619
Multi-Family
163
Businesses
154
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Listed by: N/A • N/A
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