18308 Ash Creek DrMacombMI48044
Nearby investment properties with comparable rents
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 Macomb at 18308 Ash Creek Dr, Macomb, MI, 48044 uses $120,964 cash to close to unlock $12,164/yr annual cash flow and $1,014/mo monthly cash flow. Total monthly income runs $3,420/mo, and a $1,786/mo payment keeps the spread at $1,014/mo. Purchase price stands at $364,900, and rental yield measures 11.25% with $3,420/mo rent. Return on cash invested shows 29.96% in year one, and 5% annual appreciation builds toward $100,815 over five years. Five-year ROI reaches 157.32% and total cumulative return in cash records $190,296. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,420/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1982
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48044, Macomb, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,325 (100%) |
| Owner Occupied HU | 18,201 (89.5%) |
| Renter Occupied HU | 1,855 ( 9.1%) |
| Vacant Housing Units | 269 ( 1.3%) |
| Median Home Value | $352,340 |
| Average Home Value | $355,760 |
Housing Distribution
Address Breakdown
Residential
20,629
Single Family
20,025
Multi-Family
604
Businesses
434
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Listed by: Candice Thompson • Epique Inc.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50174355
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