18485 SumnerRedfordMI48240
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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 Redford at 18485 Sumner, Redford, MI, 48240 uses $33,150 cash to close to unlock $1,680/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $799/mo, and a $489/mo payment keeps the spread at $140/mo. Purchase price stands at $100,000, and rental yield measures 9.59% with $799/mo rent. Return on cash invested shows 24.98% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 130.55% and total cumulative return in cash records $43,276. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $799/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1945
4,791 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
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