917 E 8th StMonroeMI48161
Nearby investment properties with comparable rents
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
Rental property for sale in Monroe at 917 E 8th St, Monroe, MI, 48161 generates $1,456/mo in rent and, after a $881/mo payment, leaves $269/mo in cash flow. Total monthly income is $1,456/mo, and annual cash flow is $3,230/yr on $59,637 invested. Return on cash invested sits at 25.33% in year one, and rental yield is 9.71% on a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 132.5% and total cumulative return in cash sums $79,017. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,456/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48161, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,644 (100%) |
| Owner Occupied HU | 7,882 (67.7%) |
| Renter Occupied HU | 3,086 (26.5%) |
| Vacant Housing Units | 676 ( 5.8%) |
| Median Home Value | $208,509 |
| Average Home Value | $247,595 |
Housing Distribution
Address Breakdown
Residential
10,812
Single Family
10,329
Multi-Family
483
Businesses
910
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices