21986 Wellington AveWarrenMI48089
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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 Warren at 21986 Wellington Ave, Warren, MI, 48089 uses $59,670 cash to close to unlock $4,824/yr annual cash flow and $402/mo monthly cash flow. Total monthly income runs $1,589/mo, and a $881/mo payment keeps the spread at $402/mo. Purchase price stands at $180,000, and rental yield measures 10.59% with $1,589/mo rent. Return on cash invested shows 27.99% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 146.71% and total cumulative return in cash records $87,545. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,589/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1958
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48089, Warren, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,372 (100%) |
| Owner Occupied HU | 7,050 (52.7%) |
| Renter Occupied HU | 5,303 (39.7%) |
| Vacant Housing Units | 1,019 ( 7.6%) |
| Median Home Value | $128,692 |
| Average Home Value | $152,605 |
Housing Distribution
Address Breakdown
Residential
12,436
Single Family
11,180
Multi-Family
1,256
Businesses
1,008
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