5989 Bay Hill CtRomulusMI48174
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 5989 Bay Hill Ct, Romulus, MI, 48174 in Romulus deserves attention. This $350,000 property earns $3,090/mo in rent, a 10.59% gross yield, and nets $760/mo after the $1,574/mo payment. DSCR 1.96 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $96,699 compounds alongside $3,224/yr in yearly equity build, for a total cumulative return of $182,311.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 7.0% |
| Monthly Cash Flow | $760 | $1,200 |
City averages based on Romulus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,090 |
| Total Monthly Debt Service | $2,191 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2018
7,840 sqft lot
$N/A/sqft
$265 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48174, Romulus, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,868 (100%) |
| Owner Occupied HU | 9,440 (68.1%) |
| Renter Occupied HU | 3,802 (27.4%) |
| Vacant Housing Units | 626 ( 4.5%) |
| Median Home Value | $203,267 |
| Average Home Value | $220,740 |
Housing Distribution
Address Breakdown
Residential
13,556
Single Family
11,733
Multi-Family
1,823
Businesses
1,056
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
Single Family
Built in 2018
7,840 sqft lot
$N/A/sqft
$265 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48174, Romulus, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,868 (100%) |
| Owner Occupied HU | 9,440 (68.1%) |
| Renter Occupied HU | 3,802 (27.4%) |
| Vacant Housing Units | 626 ( 4.5%) |
| Median Home Value | $203,267 |
| Average Home Value | $220,740 |
Housing Distribution
Address Breakdown
Residential
13,556
Single Family
11,733
Multi-Family
1,823
Businesses
1,056
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Lilly • EXP Realty Main
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20261008836
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2026 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The data relating to real estate properties on this website was last updated as recently as 2026-02-06 15:35:30 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702