1135 Shelby St #112409DetroitMI48226
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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 1135 Shelby St #112409, Detroit, MI, 48226 earns from $3,150/mo rent with a $2,570/mo payment. Total monthly income totals $3,150/mo. ROI tracks 10.66% on current figures, and rental yield reads 7.2% at a $525,000 purchase. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 over five years. Five-year ROI reaches 56.36% and total cumulative return in cash sums $97,341. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,150/mo property income instead of your personal income.
Condo
Built in 1924
N/A lot
$N/A/sqft
$1,041 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48226, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,368 (100%) |
| Owner Occupied HU | 351 ( 5.5%) |
| Renter Occupied HU | 4,288 (67.3%) |
| Vacant Housing Units | 1,729 (27.2%) |
| Median Home Value | $338,406 |
| Average Home Value | $365,419 |
Housing Distribution
Address Breakdown
Residential
4,968
Single Family
552
Multi-Family
4,416
Businesses
1,511
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