3244 Whitaker Dr,Melvindale,MI,48122

Investment Highlights

Investment property for sale in Melvindale at 3244 Whitaker Dr, Melvindale, MI, 48122 listed at $169,900 pairs $1,625/mo rent with a $832/mo payment to leave $229/mo cash flow. Total monthly income runs $1,625/mo, and annual cash flow reaches $2,750/yr on $56,322 cash to close. Return on cash invested measures 24.79% in year one, and rental yield registers 11.48% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 131.78% and total cumulative return in cash totals $74,222. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,625/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).