221 E Lewiston AveFerndaleMI48220
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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 Ferndale at 221 E Lewiston Ave, Ferndale, MI, 48220 priced at $286,000 pairs $2,352/mo rent with $351/mo cash flow after a $1,400/mo payment. Total monthly income equals $2,352/mo, and annual cash flow comes to $4,214/yr on $94,809 invested. Return on cash invested is 24.35% in year one, and rental yield stands at 9.87% on a $286,000 basis. Equity gained on principal adds $1,846/yr, and 5% annual appreciation accumulates to $79,017 by year five. Five-year ROI measures 127.78% and total cumulative return in cash reaches $121,148. For financing, Ziffy Mortgage’s DSCR program evaluates $2,352/mo property income against a $1,400/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1924
5,140 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48220, Ferndale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,987 (100%) |
| Owner Occupied HU | 7,505 (62.6%) |
| Renter Occupied HU | 4,002 (33.4%) |
| Vacant Housing Units | 480 ( 4.0%) |
| Median Home Value | $261,162 |
| Average Home Value | $291,163 |
Housing Distribution
Address Breakdown
Residential
11,565
Single Family
10,425
Multi-Family
1,140
Businesses
1,089
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