934 Cherry StMonroeMI48161
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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 Monroe at 934 Cherry St, Monroe, MI, 48161 generates $1,312/mo in rent and, after a $837/mo payment, leaves $184/mo in cash flow. Total monthly income is $1,312/mo, and annual cash flow is $2,212/yr on $56,687 invested. Return on cash invested sits at 23.81% in year one, and rental yield is 9.21% on a $171,000 entry. Equity gained on principal adds $1,103/yr, while 5% annual appreciation builds toward $47,244 over five years. Five-year ROI reaches 124.37% and total cumulative return in cash sums $70,499. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,312/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
6,534 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
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