1882 Emerald Ln #2WixomMI48393
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
Investment Highlights
Investment property for sale in Wixom at 1882 Emerald Ln #2, Wixom, MI, 48393 listed at $599,900 pairs $3,269/mo rent with a $2,936/mo payment. Total monthly income runs $3,269/mo. Return on cash invested measures 15.48% in year one, and rental yield registers 6.54% at a $599,900 basis. Equity gained on principal adds $3,871/yr, and annual property appreciation at 5% supports $165,741 by year five. Five-year ROI tracks 79.74% and total cumulative return in cash totals $157,372. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,269/mo property income relative to a $2,936/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
7,405 sqft lot
$N/A/sqft
$800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48393, Wixom, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,901 (100%) |
| Owner Occupied HU | 4,624 (46.7%) |
| Renter Occupied HU | 4,838 (48.9%) |
| Vacant Housing Units | 439 ( 4.4%) |
| Median Home Value | $347,214 |
| Average Home Value | $353,308 |
Housing Distribution
Address Breakdown
Residential
8,135
Single Family
7,481
Multi-Family
654
Businesses
1,247
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Nearby investment properties with comparable prices
Listed by: Barbara Gates • MJC Real Estate Co Inc.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50140023
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