28460 Herbert StMadison 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
Investment property for sale in Madison Heights at 28460 Herbert St, Madison Heights, MI, 48071 uses $74,090 cash to close to unlock $8,149/yr annual cash flow and $679/mo monthly cash flow. Total monthly income runs $2,153/mo, and a $1,094/mo payment keeps the spread at $679/mo. Purchase price stands at $223,500, and rental yield measures 11.56% with $2,153/mo rent. Return on cash invested shows 30.91% in year one, and 5% annual appreciation builds toward $61,749 over five years. Five-year ROI reaches 162.41% and total cumulative return in cash records $120,330. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,153/mo property income covering a $1,094/mo payment rather than investor’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: Lynn L Stange • Real Estate One-Troy
Mls Name: Realcomp II
Mls ID: #20251062045