20919 Hollywood StHarper WoodsMI48225
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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 Harper Woods at 20919 Hollywood St, Harper Woods, MI, 48225 generates $1,510/mo in rent and, after a $832/mo payment, leaves $389/mo in cash flow. Total monthly income is $1,510/mo, and annual cash flow is $4,670/yr on $56,322 invested. Return on cash invested sits at 28.2% in year one, and rental yield is 10.67% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 147.93% and total cumulative return in cash sums $83,318. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,510/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
3,920 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 |
Housing Distribution
Address Breakdown
Residential
6,359
Single Family
5,525
Multi-Family
834
Businesses
203
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Listed by: Nicole Elliott • J Michael Realty LLC
Mls Name: Realcomp II
Mls ID: #20251061443