27392 Groveland StMadison HeightsMI48071
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
Investment property for sale in Madison Heights at 27392 Groveland St, Madison Heights, MI, 48071 uses $78,068 cash to close to unlock $5,708/yr annual cash flow and $476/mo monthly cash flow. Total monthly income runs $2,029/mo, and a $1,153/mo payment keeps the spread at $476/mo. Purchase price stands at $235,500, and rental yield measures 10.34% with $2,029/mo rent. Return on cash invested shows 27.22% in year one, and 5% annual appreciation builds toward $65,064 over five years. Five-year ROI reaches 142.61% and total cumulative return in cash records $111,329. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,029/mo property income covering a $1,153/mo payment rather than investor’s personal income.
Single Family
Built in 1974
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48071, Madison Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,231 (100%) |
| Owner Occupied HU | 8,366 (58.8%) |
| Renter Occupied HU | 5,264 (37.0%) |
| Vacant Housing Units | 601 ( 4.2%) |
| Median Home Value | $197,440 |
| Average Home Value | $259,278 |
Housing Distribution
Address Breakdown
Residential
13,452
Single Family
10,881
Multi-Family
2,571
Businesses
1,538
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Linsley • Realty Executives Home Towne Shelby
Mls Name: MiRealSource
Mls ID: #50192822