867 E Kalama AveMadison HeightsMI48071
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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 Madison Heights at 867 E Kalama Ave, Madison Heights, MI, 48071 generates $1,883/mo in rent and, after a $969/mo payment, leaves $577/mo in cash flow. Total monthly income is $1,883/mo, and annual cash flow is $6,929/yr on $65,637 invested. Return on cash invested sits at 30.47% in year one, and rental yield is 11.41% on a $197,999 entry. Equity gained on principal adds $1,278/yr, while 5% annual appreciation builds toward $54,703 over five years. Five-year ROI reaches 160.03% and total cumulative return in cash sums $105,040. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,883/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48071, Madison Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,231 (100%) |
| Owner Occupied HU | 8,366 (58.8%) |
| Renter Occupied HU | 5,264 (37.0%) |
| Vacant Housing Units | 601 ( 4.2%) |
| Median Home Value | $197,440 |
| Average Home Value | $259,278 |
Housing Distribution
Address Breakdown
Residential
13,452
Single Family
10,881
Multi-Family
2,571
Businesses
1,538
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Listed by: Joan Schinderle-King • Realty Executives Home Towne Chesterfield
Mls Name: MiRealSource
Mls ID: #50189140