18609 Gillman StLivoniaMI48152
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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 Livonia at 18609 Gillman St, Livonia, MI, 48152 generates $1,949/mo in rent and, after a $979/mo payment, leaves $630/mo in cash flow. Total monthly income is $1,949/mo, and annual cash flow is $7,560/yr on $66,300 invested. Return on cash invested sits at 31.31% in year one, and rental yield is 11.69% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 164.52% and total cumulative return in cash sums $109,076. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,949/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48152, Livonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,434 (100%) |
| Owner Occupied HU | 10,736 (79.9%) |
| Renter Occupied HU | 2,337 (17.4%) |
| Vacant Housing Units | 361 ( 2.7%) |
| Median Home Value | $309,223 |
| Average Home Value | $321,786 |
Housing Distribution
Address Breakdown
Residential
13,567
Single Family
11,765
Multi-Family
1,802
Businesses
1,252
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