64 E Cicotte StRiver RougeMI48218
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
Rental property for sale in River Rouge at 64 E Cicotte St, River Rouge, MI, 48218 offers $1,207/mo rent that, after a $538/mo payment, leaves $482/mo cash flow. Total monthly income is $1,207/mo, and annual cash flow is $5,784/yr on $36,465 cash. Return on cash invested measures 35.77% in year one, and rental yield stands at 13.17% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 188.4% and total cumulative return in cash reaches $68,700. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,207/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
5,227 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: Jacalyn Cone • Century 21 Curran & Oberski
Mls Name: Realcomp II
Mls ID: #20251046330