21841 Cushing AveEastpointeMI48021
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 Eastpointe at 21841 Cushing Ave, Eastpointe, MI, 48021 generates $1,203/mo in rent and, after a $776/mo payment, leaves $158/mo in cash flow. Total monthly income is $1,203/mo, and annual cash flow is $1,891/yr on $52,543 invested. Return on cash invested sits at 23.51% in year one, and rental yield is 9.11% on a $158,500 entry. Equity gained on principal adds $1,023/yr, while 5% annual appreciation builds toward $43,791 over five years. Five-year ROI reaches 122.71% and total cumulative return in cash sums $64,475. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,203/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
3,920 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eric Goosen • Berkshire Hathaway HomeServices Kee Realty SCS
Mls Name: MiRealSource
Mls ID: #50192518