45673 Heather Ridge DrMacombMI48044
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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
Rental property for sale in Macomb at 45673 Heather Ridge Dr, Macomb, MI, 48044 generates $1,977/mo in rent and, after a $1,052/mo payment, leaves $263/mo in cash flow. Total monthly income is $1,977/mo, and annual cash flow is $3,160/yr on $71,273 invested. Return on cash invested sits at 24.34% in year one, and rental yield is 11.03% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 129.01% and total cumulative return in cash sums $91,945. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,977/mo property income rather than buyer’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48044, Macomb, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,325 (100%) |
| Owner Occupied HU | 18,201 (89.5%) |
| Renter Occupied HU | 1,855 ( 9.1%) |
| Vacant Housing Units | 269 ( 1.3%) |
| Median Home Value | $352,340 |
| Average Home Value | $355,760 |
Housing Distribution
Address Breakdown
Residential
20,629
Single Family
20,025
Multi-Family
604
Businesses
434
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