63 Elm StRiver RougeMI48218
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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
Investment property for sale in River Rouge at 63 Elm St, River Rouge, MI, 48218 with 5% annual appreciation on a $139,700 basis while $1,048/mo rent supports operations. Total monthly income totals $1,048/mo and a $684/mo payment preserves $127/mo for cash returns. Annual cash flow comes to $1,518/yr on $46,311 deployed, and return on cash invested reaches 23.19% in year one. Equity gained on principal adds $901/yr, and five-year appreciation sums $38,597 alongside rental yield of 9%. Five-year ROI measures 121.04% and total cumulative return in cash totals $56,052.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,048/mo property income versus a $684/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48218, River Rouge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,292 (100%) |
| Owner Occupied HU | 1,532 (46.5%) |
| Renter Occupied HU | 1,194 (36.3%) |
| Vacant Housing Units | 566 (17.2%) |
| Median Home Value | $69,308 |
| Average Home Value | $118,450 |
Housing Distribution
Address Breakdown
Residential
2,782
Single Family
2,619
Multi-Family
163
Businesses
154
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Listed by: Hiba Saad • Keller Williams Legacy
Mls Name: Realcomp II
Mls ID: #20251026559