29667 Newport DrWarrenMI48088
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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 29667 Newport Dr, Warren, MI, 48088 uses $102,765 cash to close to unlock $10,656/yr annual cash flow and $888/mo monthly cash flow. Total monthly income runs $2,932/mo, and a $1,517/mo payment keeps the spread at $888/mo. Purchase price stands at $310,000, and rental yield measures 11.35% with $2,932/mo rent. Return on cash invested shows 30.28% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 158.98% and total cumulative return in cash records $163,375. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,932/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.33 Acres 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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