247 Hecht DrMadison HeightsMI48071
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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 Madison Heights at 247 Hecht Dr, Madison Heights, MI, 48071 earns $119/mo cash flow from $1,569/mo rent with a $1,076/mo payment. Total monthly income totals $1,569/mo, and annual cash flow totals $1,430/yr on $72,897 capital. ROI tracks 21.87% on current figures, and rental yield reads 8.56% at a $219,900 purchase. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 over five years. Five-year ROI reaches 113.95% and total cumulative return in cash sums $83,068. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,569/mo property income instead of your personal income.
Single Family
Built in 1958
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48071, Madison Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,231 (100%) |
| Owner Occupied HU | 8,366 (58.8%) |
| Renter Occupied HU | 5,264 (37.0%) |
| Vacant Housing Units | 601 ( 4.2%) |
| Median Home Value | $197,440 |
| Average Home Value | $259,278 |
Housing Distribution
Address Breakdown
Residential
13,452
Single Family
10,881
Multi-Family
2,571
Businesses
1,538
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Listed by: Mark Poloney • RE/MAX First
Mls Name: Realcomp II
Mls ID: #20261000384