635 Laplaisance RdMonroeMI48161
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
Investment Highlights
Investment property for sale in Monroe at 635 Laplaisance Rd, Monroe, MI, 48161 at $180,000 posts ROI 20.75% with $42/mo cash flow from $1,229/mo rent. Total monthly income equals $1,229/mo, and annual cash flow records $504/yr on $59,670 to close. Return on cash invested measures 20.75% and rental yield reads 8.19% at the current $180,000. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 by year five. Five-year ROI prints 107.9% and total cumulative return in cash totals $64,385.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,229/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1918
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48161, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,644 (100%) |
| Owner Occupied HU | 7,882 (67.7%) |
| Renter Occupied HU | 3,086 (26.5%) |
| Vacant Housing Units | 676 ( 5.8%) |
| Median Home Value | $208,509 |
| Average Home Value | $247,595 |
Housing Distribution
Address Breakdown
Residential
10,812
Single Family
10,329
Multi-Family
483
Businesses
910
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