647 Farnham AveLincoln ParkMI48146
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 Lincoln Park at 647 Farnham Ave, Lincoln Park, MI, 48146 uses $72,897 cash to close to unlock $4,634/yr annual cash flow and $386/mo monthly cash flow. Total monthly income runs $1,836/mo, and a $1,076/mo payment keeps the spread at $386/mo. Purchase price stands at $219,900, and rental yield measures 10.02% with $1,836/mo rent. Return on cash invested shows 26.27% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 137.53% and total cumulative return in cash records $100,252. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,836/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1951
4,356 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: Cynthia Moreno • RE/MAX Innovation
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20251011464
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-06-25 08:06:07 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702