23087 Oakwood Ave, Eastpointe, MI, 48021 | $2,548/mo Cash Flow

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1728 sft

41229 N Central Dr, Sterling Heights, MI, 48313

3 Bed
2 Bath
2307 sft

29915 Everett St, Southfield, MI, 48076

2 Bed
2 Bath
2156 sft

20460 Brandonwood Dr, Clinton Township, MI, 48038

4 Bed
3 Bath
2108 sft

46842 Foxtail Ct, Macomb, MI, 48044

Nearby investment properties with comparable prices

2 Bed
1 Bath
837 sft

29265 Hayes Rd #3, Warren, MI, 48088

3 Bed
1 Bath
1100 sft

19160 Gilchrist St, Detroit, MI, 48235

3 Bed
1 Bath
924 sft

7284 Orchard Ave, Warren, MI, 48091

3 Bed
2 Bath
1111 sft

19356 Westmoreland Rd, Detroit, MI, 48219

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Eastpointe at 23087 Oakwood Ave, Eastpointe, MI, 48021 offers a 33.49% rental yield on a $120,000 purchase with $3,349/mo rent. Total monthly income registers $3,349/mo, and a $587/mo payment leaves $2,548/mo available for distribution. Annual cash flow reaches $30,575/yr on $39,780 to close, and return on cash invested stands at 96.77% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 515.64% and total cumulative return in cash at $205,123. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,349/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1940

5,662 sqft 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