2922-2926 Chapel RdParmaMI49269
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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 Parma at 2922-2926 Chapel Rd, Parma, MI, 49269 offers a 9.01% rental yield on a $155,000 purchase with $1,164/mo rent. Total monthly income registers $1,164/mo, and a $759/mo payment leaves $142/mo available for distribution. Annual cash flow reaches $1,698/yr on $51,383 to close, and return on cash invested stands at 23.21% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,824 over five years. Portfolio math shows five-year ROI at 121.17% and total cumulative return in cash at $62,260. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,164/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1980
0.46 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices