24577 Tuscany 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 24577 Tuscany Ave, Eastpointe, MI, 48021 generates $1,256/mo in rent and, after a $734/mo payment, leaves $132/mo in cash flow. Total monthly income is $1,256/mo, and annual cash flow is $1,583/yr on $49,692 invested. Return on cash invested sits at 23.09% in year one, and rental yield is 10.05% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 121.63% and total cumulative return in cash sums $60,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,256/mo property income rather than buyer’s personal income.
Multi Family
Built in 1926
4,356 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: Megan Taylor • Grant and Main, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25003017
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.