ESSEX Plan, Forest GlenMonroeMI48162
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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 ESSEX Plan, Forest Glen, Monroe, MI, 48162 with 5% annual appreciation on a $337,990 basis while $3,194/mo rent supports operations. Total monthly income totals $3,194/mo and a $1,654/mo payment preserves $965/mo for cash returns. Annual cash flow comes to $11,585/yr on $112,044 deployed, and return on cash invested reaches 30.25% in year one. Equity gained on principal adds $2,181/yr, and five-year appreciation sums $93,380 alongside rental yield of 11.34%. Five-year ROI measures 158.83% and total cumulative return in cash totals $177,959.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,194/mo property income versus a $1,654/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48162, Monroe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,229 (100%) |
| Owner Occupied HU | 8,910 (67.4%) |
| Renter Occupied HU | 3,509 (26.5%) |
| Vacant Housing Units | 810 ( 6.1%) |
| Median Home Value | $217,176 |
| Average Home Value | $263,697 |
Housing Distribution
Address Breakdown
Residential
12,536
Single Family
11,056
Multi-Family
1,480
Businesses
667
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