112 Edmund #ARNMQMDetroitMI48201
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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 Detroit at 112 Edmund #ARNMQM, Detroit, MI, 48201 uses $220,891 cash to close to unlock $6,103/yr annual cash flow and $509/mo monthly cash flow. Total monthly income runs $4,936/mo, and a $3,286/mo payment keeps the spread at $509/mo. Purchase price stands at $671,400, and rental yield measures 8.82% with $4,936/mo rent. Return on cash invested shows 22.82% in year one, and 5% annual appreciation builds toward $185,495 over five years. Five-year ROI reaches 118.98% and total cumulative return in cash records $262,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,936/mo property income covering a $3,286/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48201, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,968 (100%) |
| Owner Occupied HU | 778 ( 7.1%) |
| Renter Occupied HU | 7,994 (72.9%) |
| Vacant Housing Units | 2,196 (20.0%) |
| Median Home Value | $439,119 |
| Average Home Value | $495,726 |
Housing Distribution
Address Breakdown
Residential
9,162
Single Family
2,532
Multi-Family
6,630
Businesses
586
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