29248 Norma DrWarrenMI48093
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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 29248 Norma Dr, Warren, MI, 48093 uses $66,300 cash to close to unlock $13,016/yr annual cash flow and $1,085/mo monthly cash flow. Total monthly income runs $2,418/mo, and a $979/mo payment keeps the spread at $1,085/mo. Purchase price stands at $200,000, and rental yield measures 14.51% with $2,418/mo rent. Return on cash invested shows 39.54% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 208.77% and total cumulative return in cash records $138,416. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,418/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1961
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48093, Warren, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,768 (100%) |
| Owner Occupied HU | 8,204 (76.2%) |
| Renter Occupied HU | 2,199 (20.4%) |
| Vacant Housing Units | 365 ( 3.4%) |
| Median Home Value | $217,468 |
| Average Home Value | $247,931 |
Housing Distribution
Address Breakdown
Residential
10,498
Single Family
9,452
Multi-Family
1,046
Businesses
581
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