18680 Rudgate StSouthgateMI48195
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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 Southgate at 18680 Rudgate St, Southgate, MI, 48195 generates $1,218/mo in rent and, after a $759/mo payment, leaves $196/mo in cash flow. Total monthly income is $1,218/mo, and annual cash flow is $2,346/yr on $51,383 invested. Return on cash invested sits at 24.47% in year one, and rental yield is 9.43% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 127.92% and total cumulative return in cash sums $65,728. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,218/mo property income rather than buyer’s personal income.
Condo
Built in 1973
1 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48195, Southgate, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,062 (100%) |
| Owner Occupied HU | 9,105 (64.7%) |
| Renter Occupied HU | 4,432 (31.5%) |
| Vacant Housing Units | 525 ( 3.7%) |
| Median Home Value | $177,418 |
| Average Home Value | $210,773 |
Housing Distribution
Address Breakdown
Residential
14,017
Single Family
11,156
Multi-Family
2,861
Businesses
893
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