70 Colorado StHighland ParkMI48203
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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 Highland Park at 70 Colorado St, Highland Park, MI, 48203 priced at $282,500 converts $2,001/mo rent into $138/mo cash flow after a $1,383/mo obligation. Total monthly income equals $2,001/mo, and annual cash flow totals $1,653/yr on $93,649 invested. Return on cash invested prints 21.67% in year one, and rental yield reads 8.5% against a $282,500 entry. Equity gained on principal adds $1,823/yr, while 5% annual appreciation compiles into $78,050 by year five. Five-year ROI reaches 112.85% and total cumulative return in cash sums $105,686. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,001/mo property income covering a $1,383/mo payment, not borrower’s personal income.
Single Family
Built in 1912
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48203, Highland Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,489 (100%) |
| Owner Occupied HU | 4,387 (35.1%) |
| Renter Occupied HU | 5,373 (43.0%) |
| Vacant Housing Units | 2,729 (21.9%) |
| Median Home Value | $78,032 |
| Average Home Value | $184,025 |
Housing Distribution
Address Breakdown
Residential
9,992
Single Family
7,632
Multi-Family
2,360
Businesses
784
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Listed by: Sandra J McGee • The Home Store Inc.
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240089781
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 2025-02-15 21:56:50 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702