23083 David AveEastpointeMI48021
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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 Eastpointe at 23083 David Ave, Eastpointe, MI, 48021 uses $50,454 cash to close to unlock $7,016/yr annual cash flow and $585/mo monthly cash flow. Total monthly income runs $1,812/mo, and a $745/mo payment keeps the spread at $585/mo. Purchase price stands at $152,200, and rental yield measures 14.29% with $1,812/mo rent. Return on cash invested shows 33.81% in year one, and 5% annual appreciation builds toward $42,050 over five years. Five-year ROI reaches 179.88% and total cumulative return in cash records $90,757. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,812/mo property income covering a $745/mo payment rather than investor’s personal income.
Single Family
Built in 1947
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48021, Eastpointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,721 (100%) |
| Owner Occupied HU | 8,850 (64.5%) |
| Renter Occupied HU | 4,338 (31.6%) |
| Vacant Housing Units | 533 ( 3.9%) |
| Median Home Value | $132,729 |
| Average Home Value | $169,372 |
Housing Distribution
Address Breakdown
Residential
13,433
Single Family
12,805
Multi-Family
628
Businesses
1,046
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A