950 Waterloo AveMonroeMI48161
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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 Monroe at 950 Waterloo Ave, Monroe, MI, 48161 earns from $1,758/mo rent with a $1,537/mo payment. Total monthly income totals $1,758/mo. ROI tracks 16.3% on current figures, and rental yield reads 6.72% at a $314,000 purchase. Equity gained on principal adds $2,026/yr, and 5% annual appreciation supports $86,752 over five years. Five-year ROI reaches 84.07% and total cumulative return in cash sums $87,507. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,758/mo property income instead of your personal income.
Single Family
Built in 1950
0.33 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
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