19921 Melvin StLivoniaMI48152
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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 Livonia at 19921 Melvin St, Livonia, MI, 48152 uses $84,533 cash to close to unlock $582/yr annual cash flow and $49/mo monthly cash flow. Total monthly income runs $1,730/mo, and a $1,248/mo payment keeps the spread at $49/mo. Purchase price stands at $255,000, and rental yield measures 8.14% with $1,730/mo rent. Return on cash invested shows 20.6% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 107.09% and total cumulative return in cash records $90,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,730/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1953
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48152, Livonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,434 (100%) |
| Owner Occupied HU | 10,736 (79.9%) |
| Renter Occupied HU | 2,337 (17.4%) |
| Vacant Housing Units | 361 ( 2.7%) |
| Median Home Value | $309,223 |
| Average Home Value | $321,786 |
Housing Distribution
Address Breakdown
Residential
13,567
Single Family
11,765
Multi-Family
1,802
Businesses
1,252
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