217 W 8th StMonroeMI48161
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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
Rental property for sale in Monroe at 217 W 8th St, Monroe, MI, 48161 generates $960/mo in rent, after a $759/mo payment. Total monthly income is $960/mo. Return on cash invested sits at 18.45% in year one, and rental yield is 7.43% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 95.6% and total cumulative return in cash sums $49,120. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $960/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48161, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,644 (100%) |
| Owner Occupied HU | 7,882 (67.7%) |
| Renter Occupied HU | 3,086 (26.5%) |
| Vacant Housing Units | 676 ( 5.8%) |
| Median Home Value | $208,509 |
| Average Home Value | $247,595 |
Housing Distribution
Address Breakdown
Residential
10,812
Single Family
10,329
Multi-Family
483
Businesses
910
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Listed by: Mitchell Petree • Key Realty One LLC - South Monroe
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50189234
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