20501 Elkhart St, Harper Woods, MI, 48225 | $168/mo Cash Flow

For Sale

Ziffy Mortgage

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 20501 Elkhart St, Harper Woods, MI, 48225 uses $42,598 cash to close to unlock $2,011/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $1,015/mo, and a $629/mo payment keeps the spread at $168/mo. Purchase price stands at $128,500, and rental yield measures 9.48% with $1,015/mo rent. Return on cash invested shows 24.63% in year one, and 5% annual appreciation builds toward $35,502 over five years. Five-year ROI reaches 128.74% and total cumulative return in cash records $54,840. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,015/mo property income covering a $629/mo payment rather than investor’s personal income.

Single Family

Built in 1940

4,791 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