24 Fairwood BlvdPleasant RidgeMI48069
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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 Pleasant Ridge at 24 Fairwood Blvd, Pleasant Ridge, MI, 48069 at $435,000 posts ROI 21.69% with $214/mo cash flow from $3,082/mo rent. Total monthly income equals $3,082/mo, and annual cash flow records $2,562/yr on $144,203 to close. Return on cash invested measures 21.69% and rental yield reads 8.5% at the current $435,000. Equity gained on principal adds $2,807/yr, and 5% annual appreciation supports $120,182 by year five. Five-year ROI prints 112.92% and total cumulative return in cash totals $162,828.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,082/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1931
5,619 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48069, Pleasant Ridge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,156 (100%) |
| Owner Occupied HU | 1,077 (93.2%) |
| Renter Occupied HU | 48 ( 4.2%) |
| Vacant Housing Units | 31 ( 2.7%) |
| Median Home Value | $461,022 |
| Average Home Value | $497,591 |
Housing Distribution
Address Breakdown
Residential
1,147
Single Family
1,146
Multi-Family
1
Businesses
53
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Nearby investment properties with comparable prices
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