29626 Hoover Rd #626WarrenMI48093
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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 29626 Hoover Rd #626, Warren, MI, 48093 earns $191/mo cash flow from $1,153/mo rent with a $714/mo payment. Total monthly income totals $1,153/mo, and annual cash flow totals $2,292/yr on $48,366 capital. ROI tracks 24.65% on current figures, and rental yield reads 9.48% at a $145,900 purchase. Equity gained on principal adds $941/yr, and 5% annual appreciation supports $40,309 over five years. Five-year ROI reaches 128.75% and total cumulative return in cash sums $62,271. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,153/mo property income instead of your personal income.
Condo
Built in 1965
N/A 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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