329 W Saint Clair 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 329 W Saint Clair St, Romeo, MI, 48065 priced at $420,000 pairs $3,942/mo rent with $1,172/mo cash flow after a $2,056/mo payment. Total monthly income equals $3,942/mo, and annual cash flow comes to $14,064/yr on $139,230 invested. Return on cash invested is 30.01% in year one, and rental yield stands at 11.26% on a $420,000 basis. Equity gained on principal adds $2,710/yr, and 5% annual appreciation accumulates to $116,038 by year five. Five-year ROI measures 157.54% and total cumulative return in cash reaches $219,343. For financing, Ziffy Mortgage’s DSCR program evaluates $3,942/mo property income against a $2,056/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
7,405 sqft 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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