34270 Richard StWayneMI48184
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 Wayne at 34270 Richard St, Wayne, MI, 48184 earns $416/mo cash flow from $1,537/mo rent with a $832/mo payment. Total monthly income totals $1,537/mo, and annual cash flow totals $4,994/yr on $56,322 capital. ROI tracks 28.78% on current figures, and rental yield reads 10.86% at a $169,900 purchase. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 over five years. Five-year ROI reaches 151% and total cumulative return in cash sums $85,046. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,537/mo property income instead of your personal income.
Single Family
Built in 1943
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48184, Wayne, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,730 (100%) |
| Owner Occupied HU | 4,423 (57.2%) |
| Renter Occupied HU | 2,964 (38.3%) |
| Vacant Housing Units | 343 ( 4.4%) |
| Median Home Value | $152,708 |
| Average Home Value | $187,785 |
Housing Distribution
Address Breakdown
Residential
7,605
Single Family
6,521
Multi-Family
1,084
Businesses
563
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices