29429 Schoenherr RdWarrenMI48088
Nearby investment properties with comparable rents
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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 29429 Schoenherr Rd, Warren, MI, 48088 uses $76,212 cash to close to unlock $5,618/yr annual cash flow and $468/mo monthly cash flow. Total monthly income runs $1,984/mo, and a $1,125/mo payment keeps the spread at $468/mo. Purchase price stands at $229,900, and rental yield measures 10.36% with $1,984/mo rent. Return on cash invested shows 27.28% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 142.95% and total cumulative return in cash records $108,947. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,984/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48088, Warren, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,604 (100%) |
| Owner Occupied HU | 7,927 (82.5%) |
| Renter Occupied HU | 1,430 (14.9%) |
| Vacant Housing Units | 247 ( 2.6%) |
| Median Home Value | $214,473 |
| Average Home Value | $236,080 |
Housing Distribution
Address Breakdown
Residential
9,449
Single Family
8,455
Multi-Family
994
Businesses
289
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Listed by: Nancy Feldmann • RE/MAX First
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50167272
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