615 Garfield AveLincoln ParkMI48146
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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
Rental property for sale in Lincoln Park at 615 Garfield Ave, Lincoln Park, MI, 48146 priced at $169,900 pairs $1,932/mo rent with $811/mo cash flow after a $832/mo payment. Total monthly income equals $1,932/mo, and annual cash flow comes to $9,734/yr on $56,322 invested. Return on cash invested is 37.19% in year one, and rental yield stands at 13.65% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 196.15% and total cumulative return in cash reaches $110,474. For financing, Ziffy Mortgage’s DSCR program evaluates $1,932/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48146, Lincoln Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,394 (100%) |
| Owner Occupied HU | 11,122 (67.8%) |
| Renter Occupied HU | 4,506 (27.5%) |
| Vacant Housing Units | 766 ( 4.7%) |
| Median Home Value | $123,136 |
| Average Home Value | $171,848 |
Housing Distribution
Address Breakdown
Residential
15,865
Single Family
14,963
Multi-Family
902
Businesses
737
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Listed by: Wendy Hartunian • Hart Real Estate Services, LLC
Mls Name: Realcomp II
Mls ID: #20251052059