2032 Almont StFerndaleMI48220
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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
Rental property for sale in Ferndale at 2032 Almont St, Ferndale, MI, 48220 priced at $289,900 pairs $4,716/mo rent with $2,767/mo cash flow after a $1,419/mo payment. Total monthly income equals $4,716/mo, and annual cash flow comes to $33,201/yr on $96,102 invested. Return on cash invested is 54.46% in year one, and rental yield stands at 19.52% on a $289,900 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,094 by year five. Five-year ROI measures 288.82% and total cumulative return in cash reaches $277,557. For financing, Ziffy Mortgage’s DSCR program evaluates $4,716/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1938
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48220, Ferndale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,987 (100%) |
| Owner Occupied HU | 7,505 (62.6%) |
| Renter Occupied HU | 4,002 (33.4%) |
| Vacant Housing Units | 480 ( 4.0%) |
| Median Home Value | $261,162 |
| Average Home Value | $291,163 |
Housing Distribution
Address Breakdown
Residential
11,565
Single Family
10,425
Multi-Family
1,140
Businesses
1,089
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