9616 Colwell 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 9616 Colwell Ave, Allen Park, MI, 48101 listed at $189,900 pairs $1,497/mo rent with a $929/mo payment to leave $245/mo cash flow. Total monthly income runs $1,497/mo, and annual cash flow reaches $2,942/yr on $62,952 cash to close. Return on cash invested measures 24.58% in year one, and rental yield registers 9.46% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 128.51% and total cumulative return in cash totals $80,897. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,497/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
5,227 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: Jessica Tremonti • Century 21 Curran & Oberski
Mls Name: Realcomp II
Mls ID: #20251056160