29109 Howard Ave, Madison Heights, MI, 48071 | $840/mo Cash Flow

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Madison Heights at 29109 Howard Ave, Madison Heights, MI, 48071 listed at $269,000 pairs $2,614/mo rent with a $1,317/mo payment to leave $840/mo cash flow. Total monthly income runs $2,614/mo, and annual cash flow reaches $10,076/yr on $89,174 cash to close. Return on cash invested measures 31.21% in year one, and rental yield registers 11.66% at a $269,000 basis. Equity gained on principal adds $1,736/yr, and annual property appreciation at 5% supports $74,320 by year five. Five-year ROI tracks 163.97% and total cumulative return in cash totals $146,219. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,614/mo property income relative to a $1,317/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1969

4,791 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