962 Coolidge HwyRiver RougeMI48218
Nearby investment properties with comparable rents
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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 River Rouge at 962 Coolidge Hwy, River Rouge, MI, 48218 earns $258/mo cash flow from $1,504/mo rent with a $925/mo payment. Total monthly income totals $1,504/mo, and annual cash flow totals $3,092/yr on $62,654 capital. ROI tracks 24.84% on current figures, and rental yield reads 9.55% at a $189,000 purchase. Equity gained on principal adds $1,220/yr, and 5% annual appreciation supports $52,217 over five years. Five-year ROI reaches 129.87% and total cumulative return in cash sums $81,370. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,504/mo property income instead of your personal income.
Single Family
Built in 1920
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48218, River Rouge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,292 (100%) |
| Owner Occupied HU | 1,532 (46.5%) |
| Renter Occupied HU | 1,194 (36.3%) |
| Vacant Housing Units | 566 (17.2%) |
| Median Home Value | $69,308 |
| Average Home Value | $118,450 |
Housing Distribution
Address Breakdown
Residential
2,782
Single Family
2,619
Multi-Family
163
Businesses
154
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Listed by: Jacalyn Cone • Century 21 Curran & Oberski
Mls Name: Realcomp II
Mls ID: #20251046344