26541 W Six Mile RdRedfordMI48240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Redford at 26541 W Six Mile Rd, Redford, MI, 48240 generates $2,032/mo in rent and, after a $1,101/mo payment, leaves $549/mo in cash flow. Total monthly income is $2,032/mo, and annual cash flow is $6,582/yr on $74,588 invested. Return on cash invested sits at 28.73% in year one, and rental yield is 10.84% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 150.73% and total cumulative return in cash sums $112,425. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,032/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48240, Redford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,270 (100%) |
| Owner Occupied HU | 4,920 (67.7%) |
| Renter Occupied HU | 2,028 (27.9%) |
| Vacant Housing Units | 322 ( 4.4%) |
| Median Home Value | $129,799 |
| Average Home Value | $163,818 |
Housing Distribution
Address Breakdown
Residential
7,303
Single Family
7,114
Multi-Family
189
Businesses
654
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices