24283 Flower AveEastpointeMI48021
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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 Eastpointe at 24283 Flower Ave, Eastpointe, MI, 48021 generates $1,202/mo in rent and, after a $778/mo payment, leaves $154/mo in cash flow. Total monthly income is $1,202/mo, and annual cash flow is $1,844/yr on $52,709 invested. Return on cash invested sits at 23.41% in year one, and rental yield is 9.07% on a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 122.17% and total cumulative return in cash sums $64,392. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,202/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48021, Eastpointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,721 (100%) |
| Owner Occupied HU | 8,850 (64.5%) |
| Renter Occupied HU | 4,338 (31.6%) |
| Vacant Housing Units | 533 ( 3.9%) |
| Median Home Value | $132,729 |
| Average Home Value | $169,372 |
Housing Distribution
Address Breakdown
Residential
13,433
Single Family
12,805
Multi-Family
628
Businesses
1,046
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Listed by: Raymond Pettine • Pettine Realty Company
Mls Name: MiRealSource
Mls ID: #50177104