7218 Superior AveCenter LineMI48015
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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 Center Line at 7218 Superior Ave, Center Line, MI, 48015 generates $1,155/mo in rent and, after a $734/mo payment, leaves $166/mo in cash flow. Total monthly income is $1,155/mo, and annual cash flow is $1,994/yr on $49,692 invested. Return on cash invested sits at 23.92% in year one, and rental yield is 9.25% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 124.97% and total cumulative return in cash sums $62,099. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,155/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48015, Center Line, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,917 (100%) |
| Owner Occupied HU | 2,124 (54.2%) |
| Renter Occupied HU | 1,676 (42.8%) |
| Vacant Housing Units | 117 ( 3.0%) |
| Median Home Value | $166,624 |
| Average Home Value | $200,180 |
Housing Distribution
Address Breakdown
Residential
3,770
Single Family
3,190
Multi-Family
580
Businesses
321
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Listed by: Flo Abke • Berkshire Hathaway HomeServices Kee Realty SCS
Mls Name: MiRealSource
Mls ID: #50196156