463 Michigan AveMonroeMI48162
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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 Monroe at 463 Michigan Ave, Monroe, MI, 48162 generates $1,581/mo in rent and, after a $660/mo payment, leaves $688/mo in cash flow. Total monthly income is $1,581/mo, and annual cash flow is $8,256/yr on $44,719 invested. Return on cash invested sits at 38.37% in year one, and rental yield is 14.06% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 202.39% and total cumulative return in cash sums $90,509. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,581/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48162, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,229 (100%) |
| Owner Occupied HU | 8,910 (67.4%) |
| Renter Occupied HU | 3,509 (26.5%) |
| Vacant Housing Units | 810 ( 6.1%) |
| Median Home Value | $217,176 |
| Average Home Value | $263,697 |
Housing Distribution
Address Breakdown
Residential
12,536
Single Family
11,056
Multi-Family
1,480
Businesses
667
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