905 W Parker AveMadison HeightsMI48071
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Nearby investment properties with comparable prices
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 Madison Heights at 905 W Parker Ave, Madison Heights, MI, 48071 offers a 6.52% rental yield on a $579,900 purchase with $3,150/mo rent. 82% in year one. Equity gained on principal adds $3,742/yr while 5% annual appreciation supports $160,216 over five years. Portfolio math shows five-year ROI at 81.44% and total cumulative return in cash at $155,377. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,150/mo property income against a $2,838/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.61 Acres 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: Marcus Cronce • Real Estate One Port Huron
Mls Name: MiRealSource
Mls ID: #50188580