29273 Tessmer Ct #1Madison HeightsMI48071
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Madison Heights at 29273 Tessmer Ct #1, Madison Heights, MI, 48071 uses $52,941 cash to close to unlock $1,878/yr annual cash flow and $157/mo monthly cash flow. Total monthly income runs $1,210/mo, and a $782/mo payment keeps the spread at $157/mo. Purchase price stands at $159,700, and rental yield measures 9.09% with $1,210/mo rent. Return on cash invested shows 23.46% in year one, and 5% annual appreciation builds toward $44,122 over five years. Five-year ROI reaches 122.45% and total cumulative return in cash records $64,827. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,210/mo property income covering a $782/mo payment rather than investor’s personal income.
Condo
Built in 1957
N/A 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 |
Housing Distribution
Address Breakdown
Residential
13,452
Single Family
10,881
Multi-Family
2,571
Businesses
1,538
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Renee Mamo • Max Broock Realtors
Mls Name: Realcomp II
Mls ID: #20251055939