310 E Noble AveMonroeMI48162
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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 Monroe at 310 E Noble Ave, Monroe, MI, 48162 priced at $239,900 pairs $1,692/mo rent with $110/mo cash flow after a $1,174/mo payment. Total monthly income equals $1,692/mo, and annual cash flow comes to $1,322/yr on $79,527 invested. Return on cash invested is 21.57% in year one, and rental yield stands at 8.46% on a $239,900 basis. Equity gained on principal adds $1,548/yr, and 5% annual appreciation accumulates to $66,280 by year five. Five-year ROI measures 112.35% and total cumulative return in cash reaches $89,347. For financing, Ziffy Mortgage’s DSCR program evaluates $1,692/mo property income against a $1,174/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1940
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48162, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,229 (100%) |
| Owner Occupied HU | 8,910 (67.4%) |
| Renter Occupied HU | 3,509 (26.5%) |
| Vacant Housing Units | 810 ( 6.1%) |
| Median Home Value | $217,176 |
| Average Home Value | $263,697 |
Housing Distribution
Address Breakdown
Residential
12,536
Single Family
11,056
Multi-Family
1,480
Businesses
667
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