4245 9th StEcorseMI48229
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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 Ecorse at 4245 9th St, Ecorse, MI, 48229 offers a 3.84% rental yield on a $350,000 purchase with $1,121/mo rent. 63% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 37.52% and total cumulative return in cash at $43,538. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,121/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1950
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48229, Ecorse, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,082 (100%) |
| Owner Occupied HU | 2,044 (50.1%) |
| Renter Occupied HU | 1,606 (39.3%) |
| Vacant Housing Units | 432 (10.6%) |
| Median Home Value | $68,759 |
| Average Home Value | $111,824 |
Housing Distribution
Address Breakdown
Residential
3,765
Single Family
3,549
Multi-Family
216
Businesses
172
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