23040 Marlow AveOak ParkMI48237
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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 Oak Park at 23040 Marlow Ave, Oak Park, MI, 48237 uses $58,013 cash to close to unlock $21,954/yr annual cash flow and $1,830/mo monthly cash flow. Total monthly income runs $2,984/mo, and a $857/mo payment keeps the spread at $1,830/mo. Purchase price stands at $175,000, and rental yield measures 20.46% with $2,984/mo rent. Return on cash invested shows 57.75% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 306.34% and total cumulative return in cash records $177,715. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,984/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1953
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48237, Oak Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,116 (100%) |
| Owner Occupied HU | 7,715 (58.8%) |
| Renter Occupied HU | 4,989 (38.0%) |
| Vacant Housing Units | 412 ( 3.1%) |
| Median Home Value | $202,509 |
| Average Home Value | $243,042 |
Housing Distribution
Address Breakdown
Residential
12,700
Single Family
10,565
Multi-Family
2,135
Businesses
1,307
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