1772 Elkton DrMonroeMI48162
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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 Monroe at 1772 Elkton Dr, Monroe, MI, 48162 generates $2,102/mo in rent and, after a $1,468/mo payment, leaves $124/mo in cash flow. Total monthly income is $2,102/mo, and annual cash flow is $1,490/yr on $99,417 invested. Return on cash invested sits at 21.41% in year one, and rental yield is 8.41% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 111.46% and total cumulative return in cash sums $110,812. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,102/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48162, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,229 (100%) |
| Owner Occupied HU | 8,910 (67.4%) |
| Renter Occupied HU | 3,509 (26.5%) |
| Vacant Housing Units | 810 ( 6.1%) |
| Median Home Value | $217,176 |
| Average Home Value | $263,697 |
Housing Distribution
Address Breakdown
Residential
12,536
Single Family
11,056
Multi-Family
1,480
Businesses
667
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