609 Manchester StMadison HeightsMI48071
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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 Madison Heights at 609 Manchester St, Madison Heights, MI, 48071 uses $119,307 cash to close to unlock $10,202/yr annual cash flow and $850/mo monthly cash flow. Total monthly income runs $3,224/mo, and a $1,762/mo payment keeps the spread at $850/mo. Purchase price stands at $359,900, and rental yield measures 10.75% with $3,224/mo rent. Return on cash invested shows 28.46% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 149.27% and total cumulative return in cash records $178,094. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,224/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1967
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48071, Madison Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,231 (100%) |
| Owner Occupied HU | 8,366 (58.8%) |
| Renter Occupied HU | 5,264 (37.0%) |
| Vacant Housing Units | 601 ( 4.2%) |
| Median Home Value | $197,440 |
| Average Home Value | $259,278 |
Housing Distribution
Address Breakdown
Residential
13,452
Single Family
10,881
Multi-Family
2,571
Businesses
1,538
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Listed by: Donna Caumartin • Berkshire Hathaway HomeServices Kee Realty
Mls Name: MiRealSource
Mls ID: #50194879