36 Woodward Heights BlvdPleasant RidgeMI48069
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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 Pleasant Ridge at 36 Woodward Heights Blvd, Pleasant Ridge, MI, 48069 uses $99,450 cash to close to unlock $1,188/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $2,077/mo, and a $1,468/mo payment keeps the spread at $99/mo. Purchase price stands at $299,999, and rental yield measures 8.31% with $2,077/mo rent. Return on cash invested shows 21.1% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 109.77% and total cumulative return in cash records $109,164. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,077/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1927
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48069, Pleasant Ridge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,156 (100%) |
| Owner Occupied HU | 1,077 (93.2%) |
| Renter Occupied HU | 48 ( 4.2%) |
| Vacant Housing Units | 31 ( 2.7%) |
| Median Home Value | $461,022 |
| Average Home Value | $497,591 |
Housing Distribution
Address Breakdown
Residential
1,147
Single Family
1,146
Multi-Family
1
Businesses
53
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Listed by: Lillian Flechsig • Signature Sotheby's International Realty Bham
Mls Name: Realcomp II
Mls ID: #20251048922