29792 City Center Dr APT 2WarrenMI48093
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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
Rental property for sale in Warren at 29792 City Center Dr APT 2, Warren, MI, 48093 generates $1,352/mo in rent and, after a $563/mo payment, leaves $594/mo in cash flow. Total monthly income is $1,352/mo, and annual cash flow is $7,122/yr on $38,123 invested. Return on cash invested sits at 38.59% in year one, and rental yield is 14.11% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 203.59% and total cumulative return in cash sums $77,613. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,352/mo property income rather than buyer’s personal income.
Townhouse
Built in 1970
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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