417 Harrison StMonroeMI48161
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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 Monroe at 417 Harrison St, Monroe, MI, 48161 uses $70,858 cash to close to unlock $4,568/yr annual cash flow and $381/mo monthly cash flow. Total monthly income runs $1,790/mo, and a $1,046/mo payment keeps the spread at $381/mo. Purchase price stands at $213,750, and rental yield measures 10.05% with $1,790/mo rent. Return on cash invested shows 26.36% in year one, and 5% annual appreciation builds toward $59,055 over five years. Five-year ROI reaches 137.96% and total cumulative return in cash records $97,757. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,790/mo property income covering a $1,046/mo payment rather than investor’s personal income.
Multi Family
Built in 1893
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48161, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,644 (100%) |
| Owner Occupied HU | 7,882 (67.7%) |
| Renter Occupied HU | 3,086 (26.5%) |
| Vacant Housing Units | 676 ( 5.8%) |
| Median Home Value | $208,509 |
| Average Home Value | $247,595 |
Housing Distribution
Address Breakdown
Residential
10,812
Single Family
10,329
Multi-Family
483
Businesses
910
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