655 Vinewood StWyandotteMI48192
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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 Wyandotte at 655 Vinewood St, Wyandotte, MI, 48192 priced at $179,900 converts $1,420/mo rent into $233/mo cash flow after a $881/mo obligation. Total monthly income equals $1,420/mo, and annual cash flow totals $2,798/yr on $59,637 invested. Return on cash invested prints 24.6% in year one, and rental yield reads 9.47% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 128.59% and total cumulative return in cash sums $76,689. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,420/mo property income covering a $881/mo payment, not borrower’s personal income.
Townhouse
Built in 2012
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48192, Wyandotte, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,696 (100%) |
| Owner Occupied HU | 8,342 (71.3%) |
| Renter Occupied HU | 2,801 (23.9%) |
| Vacant Housing Units | 553 ( 4.7%) |
| Median Home Value | $181,081 |
| Average Home Value | $212,561 |
Housing Distribution
Address Breakdown
Residential
11,474
Single Family
10,333
Multi-Family
1,141
Businesses
816
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