17632 Henry 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 17632 Henry St, Melvindale, MI, 48122 listed at $172,000 pairs $1,332/mo rent with a $842/mo payment to leave $198/mo cash flow. Total monthly income runs $1,332/mo, and annual cash flow reaches $2,371/yr on $57,018 cash to close. Return on cash invested measures 24.07% in year one, and rental yield registers 9.29% at a $172,000 basis. Equity gained on principal adds $1,110/yr, and annual property appreciation at 5% supports $47,520 by year five. Five-year ROI tracks 125.73% and total cumulative return in cash totals $71,689. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,332/mo property income relative to a $842/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1943
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: Jason Caperton • EXP Realty Main
Mls Name: Realcomp II
Mls ID: #20251036352