18996 Washtenaw 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 Washtenaw St, Harper Woods, MI, 48225 earns $167/mo cash flow from $965/mo rent with a $592/mo payment. Total monthly income totals $965/mo, and annual cash flow totals $2,008/yr on $40,112 capital. ROI tracks 24.91% on current figures, and rental yield reads 9.57% at a $121,000 purchase. Equity gained on principal adds $781/yr, and 5% annual appreciation supports $33,430 over five years. Five-year ROI reaches 130.31% and total cumulative return in cash sums $52,269. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $965/mo property income instead of your personal income.
Single Family
Built in 1940
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: Michael Weinraub • Vantage Realty Group, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25008848
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.