35743 E Michigan AveWayneMI48184
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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
Investment property for sale in Wayne at 35743 E Michigan Ave, Wayne, MI, 48184 uses $61,294 cash to close to unlock $4,976/yr annual cash flow and $415/mo monthly cash flow. Total monthly income runs $1,634/mo, and a $905/mo payment keeps the spread at $415/mo. Purchase price stands at $184,900, and rental yield measures 10.6% with $1,634/mo rent. Return on cash invested shows 28.03% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 146.92% and total cumulative return in cash records $90,055. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,634/mo property income covering a $905/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
8,712 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
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