207 Summit StRiver RougeMI48218
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Nearby investment properties with comparable prices
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 River Rouge at 207 Summit St, River Rouge, MI, 48218 offers a 9.01% rental yield on a $140,000 purchase with $1,051/mo rent. Total monthly income registers $1,051/mo, and a $685/mo payment leaves $128/mo available for distribution. Annual cash flow reaches $1,536/yr on $46,410 to close, and return on cash invested stands at 23.22% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 121.11% and total cumulative return in cash at $56,206. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,051/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48218, River Rouge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,292 (100%) |
| Owner Occupied HU | 1,532 (46.5%) |
| Renter Occupied HU | 1,194 (36.3%) |
| Vacant Housing Units | 566 (17.2%) |
| Median Home Value | $69,308 |
| Average Home Value | $118,450 |
Housing Distribution
Address Breakdown
Residential
2,782
Single Family
2,619
Multi-Family
163
Businesses
154
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Listed by: Marnette Watkins Cobb • Cobb Realty Group
Mls Name: Realcomp II
Mls ID: #20261001239