18646 Old Homestead DrHarper WoodsMI48225
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 18646 Old Homestead Dr, Harper Woods, MI, 48225 in Harper Woods is listed at $159,000 and delivers $1,457/mo in rent and $408/mo in net monthly cash flow. The 10.99% yield and 2.04 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $43,929 over five years, and $1,464/yr in principal reduction supplements cash return. Total projected cumulative return: $86,867.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.2% |
| Monthly Cash Flow | $408 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,457 |
| Total Monthly Debt Service | $985 |
| DSCR Ratio | 1.48x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1947
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48225, Harper Woods, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,424 (100%) |
| Owner Occupied HU | 3,740 (58.2%) |
| Renter Occupied HU | 2,308 (35.9%) |
| Vacant Housing Units | 376 ( 5.9%) |
| Median Home Value | $158,137 |
| Average Home Value | $185,916 |
Housing Distribution
Address Breakdown
Residential
6,359
Single Family
5,525
Multi-Family
834
Businesses
203
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
Single Family
Built in 1947
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48225, Harper Woods, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,424 (100%) |
| Owner Occupied HU | 3,740 (58.2%) |
| Renter Occupied HU | 2,308 (35.9%) |
| Vacant Housing Units | 376 ( 5.9%) |
| Median Home Value | $158,137 |
| Average Home Value | $185,916 |
Housing Distribution
Address Breakdown
Residential
6,359
Single Family
5,525
Multi-Family
834
Businesses
203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Massey • Vantage Realty Group, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25007558
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.