193 Puritan StHighland ParkMI48203
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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
Rental property for sale in Highland Park at 193 Puritan St, Highland Park, MI, 48203 generates $1,497/mo in rent and, after a $954/mo payment, leaves $212/mo in cash flow. Total monthly income is $1,497/mo, and annual cash flow is $2,538/yr on $64,643 invested. Return on cash invested sits at 23.84% in year one, and rental yield is 9.21% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 124.47% and total cumulative return in cash sums $80,458. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,497/mo property income rather than buyer’s personal income.
Single Family
Built in 1917
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48203, Highland Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,489 (100%) |
| Owner Occupied HU | 4,387 (35.1%) |
| Renter Occupied HU | 5,373 (43.0%) |
| Vacant Housing Units | 2,729 (21.9%) |
| Median Home Value | $78,032 |
| Average Home Value | $184,025 |
Housing Distribution
Address Breakdown
Residential
9,992
Single Family
7,632
Multi-Family
2,360
Businesses
784
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Listed by: Marvis Burns • Metropolitan Gems
Mls Name: Realcomp II
Mls ID: #20251062107