31421 Augusta Dr #76RomulusMI48174
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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 Romulus at 31421 Augusta Dr #76, Romulus, MI, 48174 earns $545/mo cash flow from $2,975/mo rent with a $1,581/mo payment. Total monthly income totals $2,975/mo, and annual cash flow totals $6,537/yr on $107,108 capital. ROI tracks 26.01% on current figures, and rental yield reads 11.05% at a $323,100 purchase. Equity gained on principal adds $2,085/yr, and 5% annual appreciation supports $89,267 over five years. Five-year ROI reaches 137.32% and total cumulative return in cash sums $147,076. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,975/mo property income instead of your personal income.
Condo
Built in 2024
2,178 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48174, Romulus, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,868 (100%) |
| Owner Occupied HU | 9,440 (68.1%) |
| Renter Occupied HU | 3,802 (27.4%) |
| Vacant Housing Units | 626 ( 4.5%) |
| Median Home Value | $203,267 |
| Average Home Value | $220,740 |
Housing Distribution
Address Breakdown
Residential
13,556
Single Family
11,733
Multi-Family
1,823
Businesses
1,056
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