26695 W Outer DrEcorseMI48229
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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 Ecorse at 26695 W Outer Dr, Ecorse, MI, 48229 uses $33,183 cash to close to unlock $1,354/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $773/mo, and a $490/mo payment keeps the spread at $113/mo. Purchase price stands at $100,100, and rental yield measures 9.27% with $773/mo rent. Return on cash invested shows 23.99% in year one, and 5% annual appreciation builds toward $27,656 over five years. Five-year ROI reaches 125.27% and total cumulative return in cash records $41,567. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $773/mo property income covering a $490/mo payment rather than investor’s personal income.
Single Family
Built in 1966
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48229, Ecorse, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,082 (100%) |
| Owner Occupied HU | 2,044 (50.1%) |
| Renter Occupied HU | 1,606 (39.3%) |
| Vacant Housing Units | 432 (10.6%) |
| Median Home Value | $68,759 |
| Average Home Value | $111,824 |
Housing Distribution
Address Breakdown
Residential
3,765
Single Family
3,549
Multi-Family
216
Businesses
172
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