37713 Castle DrRomulusMI48174
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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 Romulus at 37713 Castle Dr, Romulus, MI, 48174 uses $56,342 cash to close to unlock $2,761/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $1,351/mo, and a $832/mo payment keeps the spread at $230/mo. Purchase price stands at $169,961, and rental yield measures 9.54% with $1,351/mo rent. Return on cash invested shows 24.81% in year one, and 5% annual appreciation builds toward $46,957 over five years. Five-year ROI reaches 129.72% and total cumulative return in cash records $73,089. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,351/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1962
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48174, Romulus, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,868 (100%) |
| Owner Occupied HU | 9,440 (68.1%) |
| Renter Occupied HU | 3,802 (27.4%) |
| Vacant Housing Units | 626 ( 4.5%) |
| Median Home Value | $203,267 |
| Average Home Value | $220,740 |
Housing Distribution
Address Breakdown
Residential
13,556
Single Family
11,733
Multi-Family
1,823
Businesses
1,056
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