9347 Chatham AveAllen ParkMI48101
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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
Investment property for sale in Allen Park at 9347 Chatham Ave, Allen Park, MI, 48101 uses $79,560 cash to close to unlock $300/yr annual cash flow and $25/mo monthly cash flow. Total monthly income runs $1,608/mo, and a $1,175/mo payment keeps the spread at $25/mo. Purchase price stands at $240,000, and rental yield measures 8.04% with $1,608/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 105.39% and total cumulative return in cash records $83,846. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,608/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1951
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48101, Allen Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,085 (100%) |
| Owner Occupied HU | 10,116 (83.7%) |
| Renter Occupied HU | 1,572 (13.0%) |
| Vacant Housing Units | 397 ( 3.3%) |
| Median Home Value | $187,948 |
| Average Home Value | $215,740 |
Housing Distribution
Address Breakdown
Residential
12,113
Single Family
11,161
Multi-Family
952
Businesses
838
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Listed by: Rhonda Nowitzke • Coldwell Banker Haynes R.E. in Monroe
Mls Name: MiRealSource
Mls ID: #50186982