617 Cleophus PkwyLincoln 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
Investment property for sale in Lincoln Park at 617 Cleophus Pkwy, Lincoln Park, MI, 48146 with 5% annual appreciation on a $149,900 basis while $1,248/mo rent supports operations. Total monthly income totals $1,248/mo and a $734/mo payment preserves $259/mo for cash returns. Annual cash flow comes to $3,110/yr on $49,692 deployed, and return on cash invested reaches 26.17% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 9.99%. Five-year ROI measures 137.04% and total cumulative return in cash totals $68,099.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,248/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1927
3,049 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: Nathan C Loranger • Synergy Realty Group
Mls Name: MiRealSource
Mls ID: #50181304