496 Lenoir AveRiver RougeMI48218
Nearby investment properties with comparable rents
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 River Rouge at 496 Lenoir Ave, River Rouge, MI, 48218 offers a 9.41% rental yield on a $124,000 purchase with $972/mo rent. Total monthly income registers $972/mo, and a $607/mo payment leaves $154/mo available for distribution. Annual cash flow reaches $1,850/yr on $41,106 to close, and return on cash invested stands at 24.41% in year one. Equity gained on principal adds $800/yr while 5% annual appreciation supports $34,259 over five years. Portfolio math shows five-year ROI at 127.61% and total cumulative return in cash at $52,455. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $972/mo property income against a $607/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48218, River Rouge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,292 (100%) |
| Owner Occupied HU | 1,532 (46.5%) |
| Renter Occupied HU | 1,194 (36.3%) |
| Vacant Housing Units | 566 (17.2%) |
| Median Home Value | $69,308 |
| Average Home Value | $118,450 |
Housing Distribution
Address Breakdown
Residential
2,782
Single Family
2,619
Multi-Family
163
Businesses
154
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Listed by: Amani El Merhi • Real Estate One-Dbn Hts/Dbn
Mls Name: Realcomp II
Mls ID: #20251032684