2270 Edwin StHamtramckMI48212
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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 Hamtramck at 2270 Edwin St, Hamtramck, MI, 48212 listed at $239,900 pairs $1,822/mo rent with a $1,174/mo payment to leave $240/mo cash flow. Total monthly income runs $1,822/mo, and annual cash flow reaches $2,882/yr on $79,527 cash to close. Return on cash invested measures 23.53% in year one, and rental yield registers 9.11% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 122.87% and total cumulative return in cash totals $97,711. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,822/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1914
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48212, Hamtramck, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,070 (100%) |
| Owner Occupied HU | 7,245 (51.5%) |
| Renter Occupied HU | 5,428 (38.6%) |
| Vacant Housing Units | 1,397 ( 9.9%) |
| Median Home Value | $120,746 |
| Average Home Value | $179,760 |
Housing Distribution
Address Breakdown
Residential
12,551
Single Family
12,311
Multi-Family
240
Businesses
1,032
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