202 Minot StRomeoMI48065
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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 Romeo at 202 Minot St, Romeo, MI, 48065 at $324,000 posts ROI 19.71% with from $2,119/mo rent. Total monthly income equals $2,119/mo. Return on cash invested measures 19.71% and rental yield reads 7.85% at the current $324,000. Equity gained on principal adds $2,091/yr, and 5% annual appreciation supports $89,515 by year five. Five-year ROI prints 102.34% and total cumulative return in cash totals $109,919. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,119/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1891
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48065, Romeo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,478 (100%) |
| Owner Occupied HU | 3,593 (80.2%) |
| Renter Occupied HU | 665 (14.9%) |
| Vacant Housing Units | 220 ( 4.9%) |
| Median Home Value | $395,519 |
| Average Home Value | $433,222 |
Housing Distribution
Address Breakdown
Residential
4,668
Single Family
4,621
Multi-Family
47
Businesses
427
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Listed by: Brendan Hunt • EXP Realty Romeo
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240076311
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-02-15 03:21:01 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702