17697 Olympia StRedfordMI48240
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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 Redford at 17697 Olympia St, Redford, MI, 48240 offers a 9.88% rental yield on a $229,500 purchase with $1,890/mo rent. Total monthly income registers $1,890/mo, and a $1,123/mo payment leaves $377/mo available for distribution. Annual cash flow reaches $4,522/yr on $76,079 to close, and return on cash invested stands at 25.85% in year one. Equity gained on principal adds $1,481/yr while 5% annual appreciation supports $63,407 over five years. Portfolio math shows five-year ROI at 135.25% and total cumulative return in cash at $102,894. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,890/mo property income against a $1,123/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48240, Redford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,270 (100%) |
| Owner Occupied HU | 4,920 (67.7%) |
| Renter Occupied HU | 2,028 (27.9%) |
| Vacant Housing Units | 322 ( 4.4%) |
| Median Home Value | $129,799 |
| Average Home Value | $163,818 |
Housing Distribution
Address Breakdown
Residential
7,303
Single Family
7,114
Multi-Family
189
Businesses
654
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