2827 Biddle AveWyandotteMI48192
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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 Wyandotte at 2827 Biddle Ave, Wyandotte, MI, 48192 offers a 12.9% rental yield on a $208,500 purchase with $2,242/mo rent. Total monthly income registers $2,242/mo, and a $1,021/mo payment leaves $617/mo available for distribution. Annual cash flow reaches $7,399/yr on $69,118 to close, and return on cash invested stands at 30.61% in year one. Equity gained on principal adds $1,345/yr while 5% annual appreciation supports $57,605 over five years. Portfolio math shows five-year ROI at 162.38% and total cumulative return in cash at $112,237. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,242/mo property income against a $1,021/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1997
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48192, Wyandotte, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,696 (100%) |
| Owner Occupied HU | 8,342 (71.3%) |
| Renter Occupied HU | 2,801 (23.9%) |
| Vacant Housing Units | 553 ( 4.7%) |
| Median Home Value | $181,081 |
| Average Home Value | $212,561 |
Housing Distribution
Address Breakdown
Residential
11,474
Single Family
10,333
Multi-Family
1,141
Businesses
816
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Listed by: Mario Ferrante • Help U Sell Metro Detroit
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50174988
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