38 Myrtle StRiver RougeMI48218
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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 River Rouge at 38 Myrtle St, River Rouge, MI, 48218 uses $58,013 cash to close to unlock $3,690/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $1,462/mo, and a $857/mo payment keeps the spread at $308/mo. Purchase price stands at $175,000, and rental yield measures 10.03% with $1,462/mo rent. Return on cash invested shows 26.27% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 137.53% and total cumulative return in cash records $79,783. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,462/mo property income covering a $857/mo payment rather than investor’s personal income.
Multi Family
Built in 1913
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48218, River Rouge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,292 (100%) |
| Owner Occupied HU | 1,532 (46.5%) |
| Renter Occupied HU | 1,194 (36.3%) |
| Vacant Housing Units | 566 (17.2%) |
| Median Home Value | $69,308 |
| Average Home Value | $118,450 |
Housing Distribution
Address Breakdown
Residential
2,782
Single Family
2,619
Multi-Family
163
Businesses
154
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Listed by: Hassan Shukr • Own It Realty
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240063174
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-08-06 20:54:12 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702