21458 Sloan DrHarper 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
Investment property for sale in Harper Woods at 21458 Sloan Dr, Harper Woods, MI, 48225 listed at $215,700 pairs $2,040/mo rent with a $1,056/mo payment to leave $617/mo cash flow. Total monthly income runs $2,040/mo, and annual cash flow reaches $7,408/yr on $71,505 cash to close. Return on cash invested measures 30.27% in year one, and rental yield registers 11.35% at a $215,700 basis. Equity gained on principal adds $1,392/yr, and annual property appreciation at 5% supports $59,594 by year five. Five-year ROI tracks 158.97% and total cumulative return in cash totals $113,669. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,040/mo property income relative to a $1,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
5,662 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A