281 E Lafayette StRomeoMI48065
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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 Romeo at 281 E Lafayette St, Romeo, MI, 48065 priced at $584,900 pairs $1,675/mo rent with after a $2,863/mo payment. Total monthly income equals $1,675/mo. Return on cash invested is 6.45% in year one, and rental yield stands at 3.44% on a $584,900 basis. Equity gained on principal adds $3,774/yr, and 5% annual appreciation accumulates to $161,597 by year five. Five-year ROI measures 31.18% and total cumulative return in cash reaches $59,999. For financing, Ziffy Mortgage’s DSCR program evaluates $1,675/mo property income against a $2,863/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48065, Romeo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,478 (100%) |
| Owner Occupied HU | 3,593 (80.2%) |
| Renter Occupied HU | 665 (14.9%) |
| Vacant Housing Units | 220 ( 4.9%) |
| Median Home Value | $395,519 |
| Average Home Value | $433,222 |
Housing Distribution
Address Breakdown
Residential
4,668
Single Family
4,621
Multi-Family
47
Businesses
427
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