19324 Woodcrest 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 19324 Woodcrest St, Harper Woods, MI, 48225 listed at $114,500 pairs $2,767/mo rent with a $560/mo payment to leave $2,012/mo cash flow. Total monthly income runs $2,767/mo, and annual cash flow reaches $24,148/yr on $37,957 cash to close. Return on cash invested measures 83.53% in year one, and rental yield registers 29% at a $114,500 basis. Equity gained on principal adds $739/yr, and annual property appreciation at 5% supports $31,634 by year five. Five-year ROI tracks 444.62% and total cumulative return in cash totals $168,764. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,767/mo property income relative to a $560/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.52 Acres 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: Sheryl Young • Property Management Experts Inc.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50152347
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