23243 Columbus AveWarrenMI48089
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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 Warren at 23243 Columbus Ave, Warren, MI, 48089 uses $47,902 cash to close to unlock $2,368/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $1,150/mo, and a $707/mo payment keeps the spread at $197/mo. Purchase price stands at $144,500, and rental yield measures 9.55% with $1,150/mo rent. Return on cash invested shows 24.85% in year one, and 5% annual appreciation builds toward $39,923 over five years. Five-year ROI reaches 129.96% and total cumulative return in cash records $62,251. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,150/mo property income covering a $707/mo payment rather than investor’s personal income.
Single Family
Built in 1936
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48089, Warren, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,372 (100%) |
| Owner Occupied HU | 7,050 (52.7%) |
| Renter Occupied HU | 5,303 (39.7%) |
| Vacant Housing Units | 1,019 ( 7.6%) |
| Median Home Value | $128,692 |
| Average Home Value | $152,605 |
Housing Distribution
Address Breakdown
Residential
12,436
Single Family
11,180
Multi-Family
1,256
Businesses
1,008
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