18794 Woodside StHarper WoodsMI48225
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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 Harper Woods at 18794 Woodside St, Harper Woods, MI, 48225 uses $38,123 cash to close to unlock $1,734/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $903/mo, and a $563/mo payment keeps the spread at $145/mo. Purchase price stands at $115,000, and rental yield measures 9.42% with $903/mo rent. Return on cash invested shows 24.46% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 127.82% and total cumulative return in cash records $48,729. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $903/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1947
5,227 sqft 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
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Listed by: Jessica Graves • Vantage Realty Group, LLC
Mls Name: MichRIC
Mls ID: #25061937