17579 Park 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 17579 Park St, Melvindale, MI, 48122 uses $76,245 cash to close to unlock $4,176/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $1,865/mo, and a $1,126/mo payment keeps the spread at $348/mo. Purchase price stands at $230,000, and rental yield measures 9.73% with $1,865/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 132.73% and total cumulative return in cash records $101,203. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,865/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1955
5,662 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: Rasam Zaid • Waison Realty LLC
Mls Name: MichRIC
Mls ID: #25057149