34073 McBride StRomulusMI48174
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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 Romulus at 34073 McBride St, Romulus, MI, 48174 generates $1,798/mo in rent and, after a $612/mo payment, leaves $974/mo in cash flow. Total monthly income is $1,798/mo, and annual cash flow is $11,682/yr on $41,438 invested. Return on cash invested sits at 48.1% in year one, and rental yield is 17.26% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 254.59% and total cumulative return in cash sums $105,497. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,798/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48174, Romulus, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,868 (100%) |
| Owner Occupied HU | 9,440 (68.1%) |
| Renter Occupied HU | 3,802 (27.4%) |
| Vacant Housing Units | 626 ( 4.5%) |
| Median Home Value | $203,267 |
| Average Home Value | $220,740 |
Housing Distribution
Address Breakdown
Residential
13,556
Single Family
11,733
Multi-Family
1,823
Businesses
1,056
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Listed by: William Shoemaker • Real Estate One Inc -SCS
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50178547
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