3202 Ferndale StMonroeMI48162
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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 3202 Ferndale St, Monroe, MI, 48162 offers $2,035/mo rent that, after a $837/mo payment, leaves $902/mo cash flow. Total monthly income is $2,035/mo, and annual cash flow is $10,828/yr on $56,687 cash. Return on cash invested measures 39.01% in year one, and rental yield stands at 14.28% at a $171,000 entry. Equity gained on principal adds $1,103/yr while 5% annual appreciation compounds into $47,244 by year five. Five-year ROI records 205.89% and total cumulative return in cash reaches $116,711. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,035/mo property income versus a $837/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1999
6,098 sqft lot
$N/A/sqft
$5 monthly 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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