255 Merton RdHighland ParkMI48203
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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 Highland Park at 255 Merton Rd, Highland Park, MI, 48203 priced at $1,500,000 pairs $1,428/mo rent with after a $7,342/mo payment. Total monthly income equals $1,428/mo. Return on cash invested is -0.53% in year one, and rental yield stands at 1.14% on a $1,500,000 basis. Equity gained on principal adds $9,679/yr, and 5% annual appreciation accumulates to $414,422 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $1,428/mo property income against a $7,342/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1952
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48203, Highland Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,489 (100%) |
| Owner Occupied HU | 4,387 (35.1%) |
| Renter Occupied HU | 5,373 (43.0%) |
| Vacant Housing Units | 2,729 (21.9%) |
| Median Home Value | $78,032 |
| Average Home Value | $184,025 |
Housing Distribution
Address Breakdown
Residential
9,992
Single Family
7,632
Multi-Family
2,360
Businesses
784
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Listed by: Daryl B Harris • Black Diamond Realty
Mls Name: Realcomp II
Mls ID: #20251018118