18557 Harman StMelvindaleMI48122
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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 Melvindale at 18557 Harman St, Melvindale, MI, 48122 offers a 12.23% rental yield on a $169,900 purchase with $1,732/mo rent. Total monthly income registers $1,732/mo, and a $832/mo payment leaves $611/mo available for distribution. Annual cash flow reaches $7,334/yr on $56,322 to close, and return on cash invested stands at 32.93% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 173.29% and total cumulative return in cash at $97,598. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,732/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48122, Melvindale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,839 (100%) |
| Owner Occupied HU | 2,754 (56.9%) |
| Renter Occupied HU | 1,821 (37.6%) |
| Vacant Housing Units | 264 ( 5.5%) |
| Median Home Value | $107,707 |
| Average Home Value | $135,604 |
Housing Distribution
Address Breakdown
Residential
4,628
Single Family
3,891
Multi-Family
737
Businesses
279
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Listed by: Elaine T Hart • Berkshire Hathaway HomeServices Kee Realty Browns
Mls Name: Realcomp II
Mls ID: #20251050590