17729 Harman 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 17729 Harman St, Melvindale, MI, 48122 offers a 10.38% rental yield on a $189,900 purchase with $1,642/mo rent. Total monthly income registers $1,642/mo, and a $929/mo payment leaves $390/mo available for distribution. Annual cash flow reaches $4,682/yr on $62,952 to close, and return on cash invested stands at 27.35% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 143.32% and total cumulative return in cash at $90,221. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,642/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1943
5,227 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: Fadie T Ghallozi • Century 21 Curran & Oberski
Mls Name: Realcomp II
Mls ID: #20251013091