22933 Monterey DrWoodhavenMI48183
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
Investment property for sale in Woodhaven at 22933 Monterey Dr, Woodhaven, MI, 48183 uses $106,080 cash to close to unlock $1,200/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $2,210/mo, and a $1,566/mo payment keeps the spread at $100/mo. Purchase price stands at $320,000, and rental yield measures 8.29% with $2,210/mo rent. Return on cash invested shows 21.04% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 109.41% and total cumulative return in cash records $116,067. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,210/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1940
1.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48183, Trenton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,677 (100%) |
| Owner Occupied HU | 13,910 (74.5%) |
| Renter Occupied HU | 4,172 (22.3%) |
| Vacant Housing Units | 595 ( 3.2%) |
| Median Home Value | $228,663 |
| Average Home Value | $252,497 |
Housing Distribution
Address Breakdown
Residential
18,671
Single Family
15,983
Multi-Family
2,688
Businesses
1,012
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dione Oerther • Key Realty One LLC - Roessler
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50175975
Disclaimer: Source MLS: MiRealSource Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. [Click here for more information](/mls-disclaimers/#261)