29800 Oakwood StInksterMI48141
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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 Inkster at 29800 Oakwood St, Inkster, MI, 48141 uses $39,117 cash to close to unlock $1,649/yr annual cash flow and $137/mo monthly cash flow. Total monthly income runs $916/mo, and a $578/mo payment keeps the spread at $137/mo. Purchase price stands at $118,000, and rental yield measures 9.32% with $916/mo rent. Return on cash invested shows 24.12% in year one, and 5% annual appreciation builds toward $32,601 over five years. Five-year ROI reaches 126.06% and total cumulative return in cash records $49,311. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $916/mo property income covering a $578/mo payment rather than investor’s personal income.
Single Family
Built in 1956
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48141, Inkster, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,453 (100%) |
| Owner Occupied HU | 4,906 (42.8%) |
| Renter Occupied HU | 5,273 (46.0%) |
| Vacant Housing Units | 1,274 (11.1%) |
| Median Home Value | $80,435 |
| Average Home Value | $133,879 |
Housing Distribution
Address Breakdown
Residential
10,454
Single Family
8,889
Multi-Family
1,565
Businesses
375
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