419 Ewell StRomeoMI48065
Nearby investment properties with comparable rents
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
Rental property for sale in Romeo at 419 Ewell St, Romeo, MI, 48065 priced at $200,000 pairs $1,933/mo rent with $614/mo cash flow after a $979/mo payment. Total monthly income equals $1,933/mo, and annual cash flow comes to $7,368/yr on $66,300 invested. Return on cash invested is 31.02% in year one, and rental yield stands at 11.6% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 162.96% and total cumulative return in cash reaches $108,044. For financing, Ziffy Mortgage’s DSCR program evaluates $1,933/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1996
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices