415 Morton StRomeoMI48065
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Nearby investment properties with comparable prices
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 Romeo at 415 Morton St, Romeo, MI, 48065 uses $138,899 cash to close to unlock $4,412/yr annual cash flow and $368/mo monthly cash flow. Total monthly income runs $3,131/mo, and a $2,051/mo payment keeps the spread at $368/mo. Purchase price stands at $419,000, and rental yield measures 8.97% with $3,131/mo rent. Return on cash invested shows 23.09% in year one, and 5% annual appreciation builds toward $115,762 over five years. Five-year ROI reaches 120.41% and total cumulative return in cash records $167,249. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,131/mo property income covering a $2,051/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48065, Romeo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,478 (100%) |
| Owner Occupied HU | 3,593 (80.2%) |
| Renter Occupied HU | 665 (14.9%) |
| Vacant Housing Units | 220 ( 4.9%) |
| Median Home Value | $395,519 |
| Average Home Value | $433,222 |
Housing Distribution
Address Breakdown
Residential
4,668
Single Family
4,621
Multi-Family
47
Businesses
427
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Listed by: Karen Betzing • Berkshire Hathaway HomeServices Kee Realty Wash
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50149353
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