19380 Roscommon StHarper WoodsMI48225
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 Harper Woods at 19380 Roscommon St, Harper Woods, MI, 48225 uses $34,808 cash to close to unlock $1,182/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $791/mo, and a $514/mo payment keeps the spread at $99/mo. Purchase price stands at $105,000, and rental yield measures 9.04% with $791/mo rent. Return on cash invested shows 23.3% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 121.67% and total cumulative return in cash records $42,350. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $791/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1946
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacob Thompson • RE/MAX First
Mls Name: MiRealSource
Mls ID: #50188591