24933 Valley 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 24933 Valley Ave, Eastpointe, MI, 48021 earns $797/mo cash flow from $1,736/mo rent with a $697/mo payment. Total monthly income totals $1,736/mo, and annual cash flow totals $9,561/yr on $47,239 capital. ROI tracks 40.15% on current figures, and rental yield reads 14.62% at a $142,500 purchase. Equity gained on principal adds $920/yr, and 5% annual appreciation supports $39,370 over five years. Five-year ROI reaches 211.94% and total cumulative return in cash sums $100,119. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,736/mo property income instead of your personal income.
Single Family
Built in 1951
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: Clayton Kilgallon • Weichert, Realtors - Home Towne
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #284896
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS