8379 Harding 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
Investment property for sale in Center Line at 8379 Harding Ave, Center Line, MI, 48015 offers a 12.07% rental yield on a $210,000 purchase with $2,113/mo rent. Total monthly income registers $2,113/mo, and a $1,028/mo payment leaves $728/mo available for distribution. Annual cash flow reaches $8,736/yr on $69,615 to close, and return on cash invested stands at 32.46% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 170.66% and total cumulative return in cash at $118,804. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,113/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
4,791 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: Todd Zieleniewski • Real Estate One Clinton
Mls Name: MiRealSource
Mls ID: #50188643