947 New York AveLincoln ParkMI48146
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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 Lincoln Park at 947 New York Ave, Lincoln Park, MI, 48146 generates $1,151/mo in rent and, after a $712/mo payment, leaves $192/mo in cash flow. Total monthly income is $1,151/mo, and annual cash flow is $2,300/yr on $48,233 invested. Return on cash invested sits at 24.68% in year one, and rental yield is 9.49% on a $145,500 entry. Equity gained on principal adds $939/yr, while 5% annual appreciation builds toward $40,199 over five years. Five-year ROI reaches 128.97% and total cumulative return in cash sums $62,205. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,151/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48146, Lincoln Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,394 (100%) |
| Owner Occupied HU | 11,122 (67.8%) |
| Renter Occupied HU | 4,506 (27.5%) |
| Vacant Housing Units | 766 ( 4.7%) |
| Median Home Value | $123,136 |
| Average Home Value | $171,848 |
Housing Distribution
Address Breakdown
Residential
15,865
Single Family
14,963
Multi-Family
902
Businesses
737
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Listed by: N/A • N/A
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