54 Hovey StOxfordMI48371
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
Rental property for sale in Oxford at 54 Hovey St, Oxford, MI, 48371 offers $3,593/mo rent that, after a $1,412/mo payment, leaves $1,691/mo cash flow. Total monthly income is $3,593/mo, and annual cash flow is $20,287/yr on $95,638 cash. Return on cash invested measures 41.12% in year one, and rental yield stands at 14.94% at a $288,500 entry. Equity gained on principal adds $1,862/yr while 5% annual appreciation compounds into $79,707 by year five. Five-year ROI records 217.15% and total cumulative return in cash reaches $207,673. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,593/mo property income versus a $1,412/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48371, Oxford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,091 (100%) |
| Owner Occupied HU | 8,375 (83.0%) |
| Renter Occupied HU | 1,402 (13.9%) |
| Vacant Housing Units | 314 ( 3.1%) |
| Median Home Value | $387,853 |
| Average Home Value | $429,399 |
Housing Distribution
Address Breakdown
Residential
9,948
Single Family
9,091
Multi-Family
857
Businesses
641
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Listed by: Terri Santavicca-Hughes • Macomb Metro Realty, Inc.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50150086
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