28212 Edward AveMadison HeightsMI48071
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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 Madison Heights at 28212 Edward Ave, Madison Heights, MI, 48071 generates $1,918/mo in rent and, after a $1,170/mo payment, leaves $342/mo in cash flow. Total monthly income is $1,918/mo, and annual cash flow is $4,100/yr on $79,229 invested. Return on cash invested sits at 25.08% in year one, and rental yield is 9.63% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 131.15% and total cumulative return in cash sums $103,908. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,918/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
5,227 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
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Listed by: Scott Bzdok • Brookstone, Realtors LLC
Mls Name: Realcomp II
Mls ID: #20261002196