18996 Roscommon 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 18996 Roscommon St, Harper Woods, MI, 48225 uses $33,150 cash to close to unlock $1,332/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $770/mo, and a $489/mo payment keeps the spread at $111/mo. Purchase price stands at $100,000, and rental yield measures 9.24% with $770/mo rent. Return on cash invested shows 23.93% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 124.93% and total cumulative return in cash records $41,416. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $770/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1942
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: Jacob Thompson • RE/MAX First
Mls Name: MiRealSource
Mls ID: #50188594