643 Michigan AveMonroeMI48162
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 643 Michigan Ave, Monroe, MI, 48162 at $136,000 posts ROI 27.48% with $284/mo cash flow from $1,225/mo rent. Total monthly income equals $1,225/mo, and annual cash flow records $3,411/yr on $45,084 to close. Return on cash invested measures 27.48% and rental yield reads 10.81% at the current $136,000. Equity gained on principal adds $878/yr, and 5% annual appreciation supports $37,574 by year five. Five-year ROI prints 144.46% and total cumulative return in cash totals $65,126.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,225/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1943
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48162, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,229 (100%) |
| Owner Occupied HU | 8,910 (67.4%) |
| Renter Occupied HU | 3,509 (26.5%) |
| Vacant Housing Units | 810 ( 6.1%) |
| Median Home Value | $217,176 |
| Average Home Value | $263,697 |
Housing Distribution
Address Breakdown
Residential
12,536
Single Family
11,056
Multi-Family
1,480
Businesses
667
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Nearby investment properties with comparable prices
Listed by: Amy Smith • Century 21 Allstar Real Estate Team, Inc in Monroe
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50167253
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