364 Cortland StHighland ParkMI48203
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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 Highland Park at 364 Cortland St, Highland Park, MI, 48203 earns $511/mo cash flow from $1,368/mo rent with a $636/mo payment. Total monthly income totals $1,368/mo, and annual cash flow totals $6,132/yr on $43,095 capital. ROI tracks 34.14% on current figures, and rental yield reads 12.63% at a $130,000 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 over five years. Five-year ROI reaches 179.67% and total cumulative return in cash sums $77,427. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,368/mo property income instead of your personal income.
Multi Family
Built in 1923
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48203, Highland Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,489 (100%) |
| Owner Occupied HU | 4,387 (35.1%) |
| Renter Occupied HU | 5,373 (43.0%) |
| Vacant Housing Units | 2,729 (21.9%) |
| Median Home Value | $78,032 |
| Average Home Value | $184,025 |
Housing Distribution
Address Breakdown
Residential
9,992
Single Family
7,632
Multi-Family
2,360
Businesses
784
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Listed by: Michelle Roland • 4Houses Realty, LLC
Mls Name: Realcomp II
Mls ID: #20251048908