338 Goddard StWyandotteMI48192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Wyandotte at 338 Goddard St, Wyandotte, MI, 48192 at $159,550 posts ROI 30.32% with $459/mo cash flow from $1,511/mo rent. Total monthly income equals $1,511/mo, and annual cash flow records $5,505/yr on $52,891 to close. Return on cash invested measures 30.32% and rental yield reads 11.36% at the current $159,550. Equity gained on principal adds $1,030/yr, and 5% annual appreciation supports $44,081 by year five. Five-year ROI prints 159.21% and total cumulative return in cash totals $84,208.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,511/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1912
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48192, Wyandotte, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,696 (100%) |
| Owner Occupied HU | 8,342 (71.3%) |
| Renter Occupied HU | 2,801 (23.9%) |
| Vacant Housing Units | 553 ( 4.7%) |
| Median Home Value | $181,081 |
| Average Home Value | $212,561 |
Housing Distribution
Address Breakdown
Residential
11,474
Single Family
10,333
Multi-Family
1,141
Businesses
816
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices