20215 Damman St, Harper Woods, MI, 48225 | $954/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Harper Woods at 20215 Damman St, Harper Woods, MI, 48225 uses $83,538 cash to close to unlock $11,443/yr annual cash flow and $954/mo monthly cash flow. Total monthly income runs $2,615/mo, and a $1,233/mo payment keeps the spread at $954/mo. Purchase price stands at $252,000, and rental yield measures 12.45% with $2,615/mo rent. Return on cash invested shows 33.61% in year one, and 5% annual appreciation builds toward $69,623 over five years. Five-year ROI reaches 176.85% and total cumulative return in cash records $147,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,615/mo property income covering a $1,233/mo payment rather than investor’s personal income.

Single Family

Built in 1952

9,147 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