23509 Parklawn StOak 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 23509 Parklawn St, Oak Park, MI, 48237 uses $56,322 cash to close to unlock $2,078/yr annual cash flow and $173/mo monthly cash flow. Total monthly income runs $1,294/mo, and a $832/mo payment keeps the spread at $173/mo. Purchase price stands at $169,900, and rental yield measures 9.14% with $1,294/mo rent. Return on cash invested shows 23.6% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 123.24% and total cumulative return in cash records $69,410. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,294/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1952
6,534 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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