2153 New York AveLincoln ParkMI48146
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lincoln Park at 2153 New York Ave, Lincoln Park, MI, 48146 priced at $204,000 pairs $1,606/mo rent with $261/mo cash flow after a $998/mo payment. Total monthly income equals $1,606/mo, and annual cash flow comes to $3,134/yr on $67,626 invested. Return on cash invested is 24.54% in year one, and rental yield stands at 9.45% on a $204,000 basis. Equity gained on principal adds $1,316/yr, and 5% annual appreciation accumulates to $56,361 by year five. Five-year ROI measures 128.28% and total cumulative return in cash reaches $86,752. For financing, Ziffy Mortgage’s DSCR program evaluates $1,606/mo property income against a $998/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48146, Lincoln Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,394 (100%) |
| Owner Occupied HU | 11,122 (67.8%) |
| Renter Occupied HU | 4,506 (27.5%) |
| Vacant Housing Units | 766 ( 4.7%) |
| Median Home Value | $123,136 |
| Average Home Value | $171,848 |
Housing Distribution
Address Breakdown
Residential
15,865
Single Family
14,963
Multi-Family
902
Businesses
737
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Listed by: Michael Procissi • Power House Group Realty
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250025645
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-04-20 08:09:15 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702