20023 Syracuse AveBrownstownMI48174
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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 Brownstown at 20023 Syracuse Ave, Brownstown, MI, 48174 listed at $169,999 pairs $1,300/mo rent with a $832/mo payment to leave $179/mo cash flow. Total monthly income runs $1,300/mo, and annual cash flow reaches $2,148/yr on $56,355 cash to close. Return on cash invested measures 23.72% in year one, and rental yield registers 9.18% at a $169,999 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,968 by year five. Five-year ROI tracks 123.82% and total cumulative return in cash totals $69,777. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,300/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48174, Romulus, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,868 (100%) |
| Owner Occupied HU | 9,440 (68.1%) |
| Renter Occupied HU | 3,802 (27.4%) |
| Vacant Housing Units | 626 ( 4.5%) |
| Median Home Value | $203,267 |
| Average Home Value | $220,740 |
Housing Distribution
Address Breakdown
Residential
13,556
Single Family
11,733
Multi-Family
1,823
Businesses
1,056
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Listed by: Timothy Hillmer • Century 21 Curran & Oberski
Mls Name: Realcomp II
Mls ID: #20261000427