303 Park StPlymouthMI48170
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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 Plymouth at 303 Park St, Plymouth, MI, 48170 priced at $663,000 converts $3,541/mo rent into after a $3,245/mo obligation. Total monthly income equals $3,541/mo. Return on cash invested prints 15.49% in year one, and rental yield reads 6.41% against a $663,000 entry. Equity gained on principal adds $4,278/yr, while 5% annual appreciation compiles into $183,175 by year five. Five-year ROI reaches 79.63% and total cumulative return in cash sums $173,691. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,541/mo property income covering a $3,245/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48170, Plymouth, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,462 (100%) |
| Owner Occupied HU | 14,027 (76.0%) |
| Renter Occupied HU | 3,805 (20.6%) |
| Vacant Housing Units | 630 ( 3.4%) |
| Median Home Value | $408,390 |
| Average Home Value | $452,148 |
Housing Distribution
Address Breakdown
Residential
18,362
Single Family
15,953
Multi-Family
2,409
Businesses
2,256
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