18929 Harman StMelvindaleMI48122
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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 Melvindale at 18929 Harman St, Melvindale, MI, 48122 generates $1,072/mo in rent and, after a $660/mo payment, leaves $183/mo in cash flow. Total monthly income is $1,072/mo, and annual cash flow is $2,192/yr on $44,719 invested. Return on cash invested sits at 24.81% in year one, and rental yield is 9.54% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 129.7% and total cumulative return in cash sums $58,001. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,072/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48122, Melvindale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,839 (100%) |
| Owner Occupied HU | 2,754 (56.9%) |
| Renter Occupied HU | 1,821 (37.6%) |
| Vacant Housing Units | 264 ( 5.5%) |
| Median Home Value | $107,707 |
| Average Home Value | $135,604 |
Housing Distribution
Address Breakdown
Residential
4,628
Single Family
3,891
Multi-Family
737
Businesses
279
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Listed by: Andrew A Konopada • RE/MAX Classic
Mls Name: Realcomp II
Mls ID: #20251047021