24951 Mayfair St #20Flat RockMI48134
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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 Flat Rock at 24951 Mayfair St #20, Flat Rock, MI, 48134 earns from $1,047/mo rent with a $661/mo payment. Total monthly income totals $1,047/mo. ROI tracks 17.48% on current figures, and rental yield reads 9.31% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 92.83% and total cumulative return in cash sums $41,545. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,047/mo property income instead of your personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$247 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48134, Flat Rock, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,608 (100%) |
| Owner Occupied HU | 7,529 (78.4%) |
| Renter Occupied HU | 1,760 (18.3%) |
| Vacant Housing Units | 319 ( 3.3%) |
| Median Home Value | $298,420 |
| Average Home Value | $288,923 |
Housing Distribution
Address Breakdown
Residential
9,569
Single Family
8,937
Multi-Family
632
Businesses
444
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Listed by: Carrie Gandolfo • Berkshire Hathaway HomeServices Kee Realty Northv
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250020777
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-03-28 03:07:25 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702