420 Silman StFerndaleMI48220
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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 Ferndale at 420 Silman St, Ferndale, MI, 48220 at $259,000 posts ROI 33.73% with $989/mo cash flow from $2,885/mo rent. Total monthly income equals $2,885/mo, and annual cash flow records $11,870/yr on $85,859 to close. Return on cash invested measures 33.73% and rental yield reads 13.37% at the current $259,000. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 by year five. Five-year ROI prints 178.51% and total cumulative return in cash totals $153,268.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,885/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1939
5,227 sqft 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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