21516 Raven AveEastpointeMI48021
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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 Eastpointe at 21516 Raven Ave, Eastpointe, MI, 48021 listed at $319,000 pairs $3,112/mo rent with a $1,561/mo payment to leave $1,009/mo cash flow. Total monthly income runs $3,112/mo, and annual cash flow reaches $12,104/yr on $105,749 cash to close. Return on cash invested measures 31.36% in year one, and rental yield registers 11.71% at a $319,000 basis. Equity gained on principal adds $2,058/yr, and annual property appreciation at 5% supports $88,134 by year five. Five-year ROI tracks 164.76% and total cumulative return in cash totals $174,229. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,112/mo property income relative to a $1,561/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48021, Eastpointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,721 (100%) |
| Owner Occupied HU | 8,850 (64.5%) |
| Renter Occupied HU | 4,338 (31.6%) |
| Vacant Housing Units | 533 ( 3.9%) |
| Median Home Value | $132,729 |
| Average Home Value | $169,372 |
Housing Distribution
Address Breakdown
Residential
13,433
Single Family
12,805
Multi-Family
628
Businesses
1,046
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Listed by: Kelly Martin-Marshall • Real Estate One Grosse Pointe
Mls Name: MiRealSource
Mls ID: #50193747