21406 Broadstone St, Harper Woods, MI, 48225 | $390/mo Cash Flow

Recently Sold

Fix & Flip

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 21406 Broadstone St, Harper Woods, MI, 48225 listed at $230,000 pairs $1,907/mo rent with a $1,126/mo payment to leave $390/mo cash flow. Total monthly income runs $1,907/mo, and annual cash flow reaches $4,680/yr on $76,245 cash to close. Return on cash invested measures 26.05% in year one, and rental yield registers 9.95% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 136.27% and total cumulative return in cash totals $103,903. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,907/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1953

6,098 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