19 E Josephine StEcorseMI48229
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
Rental property for sale in Ecorse at 19 E Josephine St, Ecorse, MI, 48229 offers $892/mo rent that, after a $562/mo payment, leaves $135/mo cash flow. Total monthly income is $892/mo, and annual cash flow is $1,618/yr on $38,056 cash. Return on cash invested measures 24.16% in year one, and rental yield stands at 9.32% at a $114,800 entry. Equity gained on principal adds $741/yr while 5% annual appreciation compounds into $31,717 by year five. Five-year ROI records 126.21% and total cumulative return in cash reaches $48,031. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $892/mo property income versus a $562/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48229, Ecorse, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,082 (100%) |
| Owner Occupied HU | 2,044 (50.1%) |
| Renter Occupied HU | 1,606 (39.3%) |
| Vacant Housing Units | 432 (10.6%) |
| Median Home Value | $68,759 |
| Average Home Value | $111,824 |
Housing Distribution
Address Breakdown
Residential
3,765
Single Family
3,549
Multi-Family
216
Businesses
172
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