1896 Spaulding RdMonroeMI48162
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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 Monroe at 1896 Spaulding Rd, Monroe, MI, 48162 uses $49,692 cash to close to unlock $6,014/yr annual cash flow and $501/mo monthly cash flow. Total monthly income runs $1,490/mo, and a $734/mo payment keeps the spread at $501/mo. Purchase price stands at $149,900, and rental yield measures 11.93% with $1,490/mo rent. Return on cash invested shows 32.01% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 168.36% and total cumulative return in cash records $83,663. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,490/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1944
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48162, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,229 (100%) |
| Owner Occupied HU | 8,910 (67.4%) |
| Renter Occupied HU | 3,509 (26.5%) |
| Vacant Housing Units | 810 ( 6.1%) |
| Median Home Value | $217,176 |
| Average Home Value | $263,697 |
Housing Distribution
Address Breakdown
Residential
12,536
Single Family
11,056
Multi-Family
1,480
Businesses
667
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