28741 Essex StRosevilleMI48066
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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 Roseville at 28741 Essex St, Roseville, MI, 48066 offers a 9.32% rental yield on a $169,000 purchase with $1,313/mo rent. Total monthly income registers $1,313/mo, and a $827/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,384/yr on $56,024 to close, and return on cash invested stands at 24.17% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 126.24% and total cumulative return in cash at $70,723. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,313/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48066, Roseville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,468 (100%) |
| Owner Occupied HU | 13,572 (63.2%) |
| Renter Occupied HU | 6,839 (31.9%) |
| Vacant Housing Units | 1,057 ( 4.9%) |
| Median Home Value | $155,653 |
| Average Home Value | $205,217 |
Housing Distribution
Address Breakdown
Residential
20,626
Single Family
19,410
Multi-Family
1,216
Businesses
1,436
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