526 E 2nd StMonroeMI48161
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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 Monroe at 526 E 2nd St, Monroe, MI, 48161 uses $61,626 cash to close to unlock $7,164/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $1,823/mo, and a $910/mo payment keeps the spread at $597/mo. Purchase price stands at $185,900, and rental yield measures 11.77% with $1,823/mo rent. Return on cash invested shows 31.53% in year one, and 5% annual appreciation builds toward $51,361 over five years. Five-year ROI reaches 165.7% and total cumulative return in cash records $102,117. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,823/mo property income covering a $910/mo payment rather than investor’s personal income.
Single Family
Built in 1939
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48161, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,644 (100%) |
| Owner Occupied HU | 7,882 (67.7%) |
| Renter Occupied HU | 3,086 (26.5%) |
| Vacant Housing Units | 676 ( 5.8%) |
| Median Home Value | $208,509 |
| Average Home Value | $247,595 |
Housing Distribution
Address Breakdown
Residential
10,812
Single Family
10,329
Multi-Family
483
Businesses
910
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