19059 Wood StMelvindaleMI48122
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
Investment property for sale in Melvindale at 19059 Wood St, Melvindale, MI, 48122 offers a 11.92% rental yield on a $155,900 purchase with $1,548/mo rent. Total monthly income registers $1,548/mo, and a $763/mo payment leaves $520/mo available for distribution. Annual cash flow reaches $6,240/yr on $51,681 to close, and return on cash invested stands at 31.98% in year one. Equity gained on principal adds $1,006/yr while 5% annual appreciation supports $43,072 over five years. Portfolio math shows five-year ROI at 168.08% and total cumulative return in cash at $86,866. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,548/mo property income against a $763/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
8,276 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tamira Newman • RE/MAX Select
Mls Name: Realcomp II
Mls ID: #20251025524