3511 Elizabeth StMelvindaleMI48122
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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
Total monthly income runs $1,570/mo, and a $1,297/mo payment. Purchase price stands at $264,900, and rental yield measures 7.11% with $1,570/mo rent. Return on cash invested shows 17.49% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 90.4% and total cumulative return in cash records $79,388. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,570/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1955
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48122, Melvindale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,839 (100%) |
| Owner Occupied HU | 2,754 (56.9%) |
| Renter Occupied HU | 1,821 (37.6%) |
| Vacant Housing Units | 264 ( 5.5%) |
| Median Home Value | $107,707 |
| Average Home Value | $135,604 |
Housing Distribution
Address Breakdown
Residential
4,628
Single Family
3,891
Multi-Family
737
Businesses
279
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Listed by: Shane Atkinson • @properties Christie's Int'l R.E. Royal Oak
Mls Name: Realcomp II
Mls ID: #20261001457