7159 Luana AveAllen ParkMI48101
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 Allen Park at 7159 Luana Ave, Allen Park, MI, 48101 generates $2,214/mo in rent and, after a $1,199/mo payment, leaves $599/mo in cash flow. Total monthly income is $2,214/mo, and annual cash flow is $7,182/yr on $81,218 invested. Return on cash invested sits at 28.75% in year one, and rental yield is 10.84% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 150.82% and total cumulative return in cash sums $122,496. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,214/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48101, Allen Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,085 (100%) |
| Owner Occupied HU | 10,116 (83.7%) |
| Renter Occupied HU | 1,572 (13.0%) |
| Vacant Housing Units | 397 ( 3.3%) |
| Median Home Value | $187,948 |
| Average Home Value | $215,740 |
Housing Distribution
Address Breakdown
Residential
12,113
Single Family
11,161
Multi-Family
952
Businesses
838
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin Cermak • National Realty Centers, Inc
Mls Name: Realcomp II
Mls ID: #20251057096