319 Chandler StRomeoMI48065
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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 Romeo at 319 Chandler St, Romeo, MI, 48065 priced at $625,000 converts $4,290/mo rent into $169/mo cash flow after a $3,059/mo obligation. Total monthly income equals $4,290/mo, and annual cash flow totals $2,022/yr on $205,625 invested. Return on cash invested prints 21.04% in year one, and rental yield reads 8.24% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 109.43% and total cumulative return in cash sums $225,025. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,290/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in 1890
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48065, Romeo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,478 (100%) |
| Owner Occupied HU | 3,593 (80.2%) |
| Renter Occupied HU | 665 (14.9%) |
| Vacant Housing Units | 220 ( 4.9%) |
| Median Home Value | $395,519 |
| Average Home Value | $433,222 |
Housing Distribution
Address Breakdown
Residential
4,668
Single Family
4,621
Multi-Family
47
Businesses
427
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