18400 Delaware AveRedfordMI48240
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 Redford at 18400 Delaware Ave, Redford, MI, 48240 listed at $175,000 pairs $1,787/mo rent with a $857/mo payment to leave $633/mo cash flow. Total monthly income runs $1,787/mo, and annual cash flow reaches $7,590/yr on $58,013 cash to close. Return on cash invested measures 32.99% in year one, and rental yield registers 12.25% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 173.58% and total cumulative return in cash totals $100,699. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,787/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48240, Redford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,270 (100%) |
| Owner Occupied HU | 4,920 (67.7%) |
| Renter Occupied HU | 2,028 (27.9%) |
| Vacant Housing Units | 322 ( 4.4%) |
| Median Home Value | $129,799 |
| Average Home Value | $163,818 |
Housing Distribution
Address Breakdown
Residential
7,303
Single Family
7,114
Multi-Family
189
Businesses
654
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices