23557 E Fairway DrWoodhavenMI48183
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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
Rental property for sale in Woodhaven at 23557 E Fairway Dr, Woodhaven, MI, 48183 generates $2,539/mo in rent and, after a $1,273/mo payment, leaves $824/mo in cash flow. Total monthly income is $2,539/mo, and annual cash flow is $9,888/yr on $86,190 invested. Return on cash invested sits at 31.38% in year one, and rental yield is 11.72% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 164.89% and total cumulative return in cash sums $142,121. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,539/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48183, Trenton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,677 (100%) |
| Owner Occupied HU | 13,910 (74.5%) |
| Renter Occupied HU | 4,172 (22.3%) |
| Vacant Housing Units | 595 ( 3.2%) |
| Median Home Value | $228,663 |
| Average Home Value | $252,497 |
Housing Distribution
Address Breakdown
Residential
18,671
Single Family
15,983
Multi-Family
2,688
Businesses
1,012
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Listed by: Barbara J Biskner • Synergy Realty Group
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50178841
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