4510 S John Hix RdWayneMI48184
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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 Wayne at 4510 S John Hix Rd, Wayne, MI, 48184 uses $41,404 cash to close to unlock $1,628/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $959/mo, and a $611/mo payment keeps the spread at $136/mo. Purchase price stands at $124,900, and rental yield measures 9.21% with $959/mo rent. Return on cash invested shows 23.84% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 124.47% and total cumulative return in cash records $51,538. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $959/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48184, Wayne, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,730 (100%) |
| Owner Occupied HU | 4,423 (57.2%) |
| Renter Occupied HU | 2,964 (38.3%) |
| Vacant Housing Units | 343 ( 4.4%) |
| Median Home Value | $152,708 |
| Average Home Value | $187,785 |
Housing Distribution
Address Breakdown
Residential
7,605
Single Family
6,521
Multi-Family
1,084
Businesses
563
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