23826 Kate AveWarrenMI48091
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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 23826 Kate Ave, Warren, MI, 48091 uses $60,665 cash to close to unlock $5,255/yr annual cash flow and $438/mo monthly cash flow. Total monthly income runs $1,645/mo, and a $896/mo payment keeps the spread at $438/mo. Purchase price stands at $183,000, and rental yield measures 10.79% with $1,645/mo rent. Return on cash invested shows 28.57% in year one, and 5% annual appreciation builds toward $50,560 over five years. Five-year ROI reaches 149.84% and total cumulative return in cash records $90,899. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,645/mo property income covering a $896/mo payment rather than investor’s personal income.
Single Family
Built in 1937
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48091, Warren, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,459 (100%) |
| Owner Occupied HU | 8,240 (61.2%) |
| Renter Occupied HU | 4,146 (30.8%) |
| Vacant Housing Units | 1,073 ( 8.0%) |
| Median Home Value | $159,378 |
| Average Home Value | $188,888 |
Housing Distribution
Address Breakdown
Residential
12,396
Single Family
11,641
Multi-Family
755
Businesses
826
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