928 Wolverine AveMonroeMI48161
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
Investment property for sale in Monroe at 928 Wolverine Ave, Monroe, MI, 48161 uses $66,267 cash to close to unlock $3,098/yr annual cash flow and $258/mo monthly cash flow. Total monthly income runs $1,576/mo, and a $978/mo payment keeps the spread at $258/mo. Purchase price stands at $199,900, and rental yield measures 9.46% with $1,576/mo rent. Return on cash invested shows 24.58% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 128.48% and total cumulative return in cash records $85,141. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,576/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1928
6,098 sqft 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