19394 WoodworthRedfordMI48240
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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 Redford at 19394 Woodworth, Redford, MI, 48240 uses $58,013 cash to close to unlock $4,806/yr annual cash flow and $401/mo monthly cash flow. Total monthly income runs $1,555/mo, and a $857/mo payment keeps the spread at $401/mo. Purchase price stands at $175,000, and rental yield measures 10.66% with $1,555/mo rent. Return on cash invested shows 28.19% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 147.83% and total cumulative return in cash records $85,759. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,555/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1951
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48240, Redford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,270 (100%) |
| Owner Occupied HU | 4,920 (67.7%) |
| Renter Occupied HU | 2,028 (27.9%) |
| Vacant Housing Units | 322 ( 4.4%) |
| Median Home Value | $129,799 |
| Average Home Value | $163,818 |
Housing Distribution
Address Breakdown
Residential
7,303
Single Family
7,114
Multi-Family
189
Businesses
654
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