18523 Elm CtMacombMI48044
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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
Rental property for sale in Macomb at 18523 Elm Ct, Macomb, MI, 48044 generates $2,067/mo in rent and, after a $1,443/mo payment, leaves $123/mo in cash flow. Total monthly income is $2,067/mo, and annual cash flow is $1,472/yr on $97,759 invested. Return on cash invested sits at 21.41% in year one, and rental yield is 8.41% on a $294,900 entry. Equity gained on principal adds $1,903/yr, while 5% annual appreciation builds toward $81,475 over five years. Five-year ROI reaches 111.45% and total cumulative return in cash sums $108,955. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,067/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.34 Acres 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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