8442 Central StCenter 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 8442 Central St, Center Line, MI, 48015 uses $44,753 cash to close to unlock $1,542/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $1,019/mo, and a $661/mo payment keeps the spread at $129/mo. Purchase price stands at $135,000, and rental yield measures 9.06% with $1,019/mo rent. Return on cash invested shows 23.35% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 121.93% and total cumulative return in cash records $54,565. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,019/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1925
0.31 Acres 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: David P Chapman • Chaps Realty
Mls Name: MiRealSource
Mls ID: #50197925