31612 Reid DrWarrenMI48092
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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 Warren at 31612 Reid Dr, Warren, MI, 48092 generates $2,032/mo in rent and, after a $1,105/mo payment, leaves $500/mo in cash flow. Total monthly income is $2,032/mo, and annual cash flow is $5,997/yr on $74,836 invested. Return on cash invested sits at 27.92% in year one, and rental yield is 10.8% on a $225,750 entry. Equity gained on principal adds $1,457/yr, while 5% annual appreciation builds toward $62,371 over five years. Five-year ROI reaches 146.61% and total cumulative return in cash sums $109,720. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,032/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48092, Warren, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,337 (100%) |
| Owner Occupied HU | 8,524 (75.2%) |
| Renter Occupied HU | 2,316 (20.4%) |
| Vacant Housing Units | 497 ( 4.4%) |
| Median Home Value | $229,695 |
| Average Home Value | $271,606 |
Housing Distribution
Address Breakdown
Residential
11,064
Single Family
9,761
Multi-Family
1,303
Businesses
775
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Listed by: Carol Lukity • Berkshire Hathaway HomeServices Kee Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50181361
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