395 Glendale LnFerndaleMI48220
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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
Rental property for sale in Ferndale at 395 Glendale Ln, Ferndale, MI, 48220 offers $3,091/mo rent that, after a $1,738/mo payment, leaves $750/mo cash flow. Total monthly income is $3,091/mo, and annual cash flow is $8,994/yr on $117,683 cash. Return on cash invested measures 27.55% in year one, and rental yield stands at 10.45% at a $355,000 entry. Equity gained on principal adds $2,291/yr while 5% annual appreciation compounds into $98,080 by year five. Five-year ROI records 144.37% and total cumulative return in cash reaches $169,896. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,091/mo property income versus a $1,738/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48220, Ferndale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,987 (100%) |
| Owner Occupied HU | 7,505 (62.6%) |
| Renter Occupied HU | 4,002 (33.4%) |
| Vacant Housing Units | 480 ( 4.0%) |
| Median Home Value | $261,162 |
| Average Home Value | $291,163 |
Housing Distribution
Address Breakdown
Residential
11,565
Single Family
10,425
Multi-Family
1,140
Businesses
1,089
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