213 Suburban StEcorseMI48229
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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
Investment property for sale in Ecorse at 213 Suburban St, Ecorse, MI, 48229 uses $42,896 cash to close to unlock $9,228/yr annual cash flow and $769/mo monthly cash flow. Total monthly income runs $1,622/mo, and a $633/mo payment keeps the spread at $769/mo. Purchase price stands at $129,400, and rental yield measures 15.04% with $1,622/mo rent. Return on cash invested shows 41.42% in year one, and 5% annual appreciation builds toward $35,751 over five years. Five-year ROI reaches 218.86% and total cumulative return in cash records $93,882. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,622/mo property income covering a $633/mo payment rather than investor’s personal income.
Single Family
Built in 1959
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48229, Ecorse, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,082 (100%) |
| Owner Occupied HU | 2,044 (50.1%) |
| Renter Occupied HU | 1,606 (39.3%) |
| Vacant Housing Units | 432 (10.6%) |
| Median Home Value | $68,759 |
| Average Home Value | $111,824 |
Housing Distribution
Address Breakdown
Residential
3,765
Single Family
3,549
Multi-Family
216
Businesses
172
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