1848 Winding Meadows DrMonroeMI48162
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 Monroe at 1848 Winding Meadows Dr, Monroe, MI, 48162 at $279,900 posts ROI 21.98% with $160/mo cash flow from $2,161/mo rent. Total monthly income equals $2,161/mo, and annual cash flow records $1,922/yr on $92,787 to close. Return on cash invested measures 21.98% and rental yield reads 9.26% at the current $279,900. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 by year five. Five-year ROI prints 115.26% and total cumulative return in cash totals $106,945.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,161/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2005
N/A lot
$N/A/sqft
$155 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48162, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,229 (100%) |
| Owner Occupied HU | 8,910 (67.4%) |
| Renter Occupied HU | 3,509 (26.5%) |
| Vacant Housing Units | 810 ( 6.1%) |
| Median Home Value | $217,176 |
| Average Home Value | $263,697 |
Housing Distribution
Address Breakdown
Residential
12,536
Single Family
11,056
Multi-Family
1,480
Businesses
667
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy Wood • Gerweck Real Estate in Monroe
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50157012
Disclaimer: Source MLS: MiRealSource Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. [Click here for more information](/info/mls-disclaimers/#mls_261)