18690 FoxRedfordMI48240
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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 Redford at 18690 Fox, Redford, MI, 48240 uses $64,643 cash to close to unlock $8,418/yr annual cash flow and $702/mo monthly cash flow. Total monthly income runs $1,987/mo, and a $954/mo payment keeps the spread at $702/mo. Purchase price stands at $195,000, and rental yield measures 12.23% with $1,987/mo rent. Return on cash invested shows 32.93% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 173.25% and total cumulative return in cash records $111,994. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,987/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1953
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48240, Redford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,270 (100%) |
| Owner Occupied HU | 4,920 (67.7%) |
| Renter Occupied HU | 2,028 (27.9%) |
| Vacant Housing Units | 322 ( 4.4%) |
| Median Home Value | $129,799 |
| Average Home Value | $163,818 |
Housing Distribution
Address Breakdown
Residential
7,303
Single Family
7,114
Multi-Family
189
Businesses
654
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Listed by: Joseph Williams • Remerica United Realty
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20251042702
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