10310 W Outer DrDetroitMI48223
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Detroit at 10310 W Outer Dr, Detroit, MI, 48223 earns $285/mo cash flow from $1,636/mo rent with a $1,003/mo payment. Total monthly income totals $1,636/mo, and annual cash flow totals $3,416/yr on $67,924 capital. ROI tracks 24.94% on current figures, and rental yield reads 9.58% at a $204,900 purchase. Equity gained on principal adds $1,322/yr, and 5% annual appreciation supports $56,610 over five years. Five-year ROI reaches 130.36% and total cumulative return in cash sums $88,546. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,636/mo property income instead of your personal income.
Single Family
Built in 1958
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48223, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,204 (100%) |
| Owner Occupied HU | 5,155 (50.5%) |
| Renter Occupied HU | 3,921 (38.4%) |
| Vacant Housing Units | 1,128 (11.1%) |
| Median Home Value | $111,412 |
| Average Home Value | $150,707 |
Housing Distribution
Address Breakdown
Residential
9,353
Single Family
8,396
Multi-Family
957
Businesses
535
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