8118 Studebaker AveWarrenMI48089
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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 Warren at 8118 Studebaker Ave, Warren, MI, 48089 priced at $115,000 converts $1,523/mo rent into $765/mo cash flow after a $563/mo obligation. Total monthly income equals $1,523/mo, and annual cash flow totals $9,174/yr on $38,123 invested. Return on cash invested prints 43.97% in year one, and rental yield reads 15.89% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 232.49% and total cumulative return in cash sums $88,629. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,523/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1940
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48089, Warren, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,372 (100%) |
| Owner Occupied HU | 7,050 (52.7%) |
| Renter Occupied HU | 5,303 (39.7%) |
| Vacant Housing Units | 1,019 ( 7.6%) |
| Median Home Value | $128,692 |
| Average Home Value | $152,605 |
Housing Distribution
Address Breakdown
Residential
12,436
Single Family
11,180
Multi-Family
1,256
Businesses
1,008
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Listed by: Tarick M Salmaci • ARG Realty
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240069866
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 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 2024-10-15 02:25:37 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702