228 W 3rd StMonroeMI48161
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 Monroe at 228 W 3rd St, Monroe, MI, 48161 offers $2,478/mo rent that, after a $651/mo payment, leaves $1,398/mo cash flow. Total monthly income is $2,478/mo, and annual cash flow is $16,780/yr on $44,096 cash. Return on cash invested measures 57.96% in year one, and rental yield stands at 22.35% at a $133,020 entry. Equity gained on principal adds $858/yr while 5% annual appreciation compounds into $36,751 by year five. Five-year ROI records 309.5% and total cumulative return in cash reaches $136,479. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,478/mo property income versus a $651/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1885
7,405 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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