17765 Ruth 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 17765 Ruth St, Melvindale, MI, 48122 listed at $191,500 pairs $2,101/mo rent with a $937/mo payment to leave $838/mo cash flow. Total monthly income runs $2,101/mo, and annual cash flow reaches $10,061/yr on $63,482 cash to close. Return on cash invested measures 35.76% in year one, and rental yield registers 13.17% at a $191,500 basis. Equity gained on principal adds $1,236/yr, and annual property appreciation at 5% supports $52,908 by year five. Five-year ROI tracks 188.41% and total cumulative return in cash totals $119,607. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,101/mo property income relative to a $937/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1943
4,356 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: Shannon Bagdonas • LPT Realty LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50176901
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