24924 Wilmot 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
Investment property for sale in Eastpointe at 24924 Wilmot Ave, Eastpointe, MI, 48021 earns $265/mo cash flow from $1,268/mo rent with a $589/mo payment. Total monthly income totals $1,268/mo, and annual cash flow totals $3,177/yr on $39,879 capital. ROI tracks 27.88% on current figures, and rental yield reads 12.65% at a $120,300 purchase. Equity gained on principal adds $776/yr, and 5% annual appreciation supports $33,237 over five years. Five-year ROI reaches 148.39% and total cumulative return in cash sums $59,177. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,268/mo property income instead of your personal income.
Single Family
Built in 1954
4,791 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: N/A • N/A
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