24 Ridge RdPleasant 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
Total monthly income runs $3,724/mo, and a $5,384/mo payment. Purchase price stands at $1,100,000, and rental yield measures 4.06% with $3,724/mo rent. Return on cash invested shows 8.48% in year one, and 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 42.02% and total cumulative return in cash records $149,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,724/mo property income covering a $5,384/mo payment rather than investor’s personal income.
Single Family
Built in 1911
0.77 Acres 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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Listed by: Jacqueline Wilson • Max Broock, REALTORS-Royal Oak
Mls Name: Realcomp II
Mls ID: #20261001144