18022 Harman StMelvindaleMI48122
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Nearby investment properties with comparable prices
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 18022 Harman St, Melvindale, MI, 48122 earns from $1,243/mo rent with a $1,150/mo payment. Total monthly income totals $1,243/mo. ROI tracks 15.19% on current figures, and rental yield reads 6.35% at a $234,900 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,899 over five years. Five-year ROI reaches 78.08% and total cumulative return in cash sums $60,801. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,243/mo property income instead of your personal income.
Single Family
Built in 1941
8,276 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: Kelly Gardner • Century 21 Curran & Oberski
Mls Name: Realcomp II
Mls ID: #20251060613