31 W Kalama AveMadison HeightsMI48071
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Madison Heights at 31 W Kalama Ave, Madison Heights, MI, 48071 priced at $129,000 converts $1,004/mo rent into $154/mo cash flow after a $631/mo obligation. Total monthly income equals $1,004/mo, and annual cash flow totals $1,844/yr on $42,764 invested. Return on cash invested prints 24.22% in year one, and rental yield reads 9.34% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 126.53% and total cumulative return in cash sums $54,109. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,004/mo property income covering a $631/mo payment, not borrower’s personal income.
Single Family
Built in 1926
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48071, Madison Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,231 (100%) |
| Owner Occupied HU | 8,366 (58.8%) |
| Renter Occupied HU | 5,264 (37.0%) |
| Vacant Housing Units | 601 ( 4.2%) |
| Median Home Value | $197,440 |
| Average Home Value | $259,278 |
Housing Distribution
Address Breakdown
Residential
13,452
Single Family
10,881
Multi-Family
2,571
Businesses
1,538
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Listed by: Benjamin Nelson • Nelson Property Management
Mls Name: MiRealSource
Mls ID: #50196195