11023 Longview StDetroitMI48213
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 11023 Longview St, Detroit, MI, 48213 uses $37,128 cash to close to unlock $30,007/yr annual cash flow and $2,501/mo monthly cash flow. Total monthly income runs $3,239/mo, and a $548/mo payment keeps the spread at $2,501/mo. Purchase price stands at $112,000, and rental yield measures 34.7% with $3,239/mo rent. Return on cash invested shows 100.73% in year one, and 5% annual appreciation builds toward $30,944 over five years. Five-year ROI reaches 536.82% and total cumulative return in cash records $199,311. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,239/mo property income covering a $548/mo payment rather than investor’s personal income.
Single Family
Built in 1927
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48213, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,567 (100%) |
| Owner Occupied HU | 4,184 (43.7%) |
| Renter Occupied HU | 3,253 (34.0%) |
| Vacant Housing Units | 2,130 (22.3%) |
| Median Home Value | $56,098 |
| Average Home Value | $106,616 |
Housing Distribution
Address Breakdown
Residential
7,726
Single Family
7,316
Multi-Family
410
Businesses
517
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