29021 Van Laan DrWarrenMI48092
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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 Warren at 29021 Van Laan Dr, Warren, MI, 48092 uses $59,670 cash to close to unlock $10,560/yr annual cash flow and $880/mo monthly cash flow. Total monthly income runs $2,067/mo, and a $881/mo payment keeps the spread at $880/mo. Purchase price stands at $179,999, and rental yield measures 13.78% with $2,067/mo rent. Return on cash invested shows 37.61% in year one, and 5% annual appreciation builds toward $49,730 over five years. Five-year ROI reaches 198.26% and total cumulative return in cash records $118,300. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,067/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1961
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48092, Warren, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,337 (100%) |
| Owner Occupied HU | 8,524 (75.2%) |
| Renter Occupied HU | 2,316 (20.4%) |
| Vacant Housing Units | 497 ( 4.4%) |
| Median Home Value | $229,695 |
| Average Home Value | $271,606 |
Housing Distribution
Address Breakdown
Residential
11,064
Single Family
9,761
Multi-Family
1,303
Businesses
775
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