17621 Hanna 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
Rental property for sale in Melvindale at 17621 Hanna St, Melvindale, MI, 48122 generates $824/mo in rent and, after a $521/mo payment, leaves $122/mo in cash flow. Total monthly income is $824/mo, and annual cash flow is $1,463/yr on $35,305 invested. Return on cash invested sits at 24.05% in year one, and rental yield is 9.28% on a $106,500 entry. Equity gained on principal adds $687/yr, while 5% annual appreciation builds toward $29,424 over five years. Five-year ROI reaches 125.64% and total cumulative return in cash sums $44,357. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $824/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
9,583 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: Robert K Montgomery • Epique Realty
Mls Name: Realcomp II
Mls ID: #20251048996