11368 Pierson StDetroitMI48228
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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 11368 Pierson St, Detroit, MI, 48228 uses $34,808 cash to close to unlock $1,278/yr annual cash flow and $107/mo monthly cash flow. Total monthly income runs $799/mo, and a $514/mo payment keeps the spread at $107/mo. Purchase price stands at $105,000, and rental yield measures 9.13% with $799/mo rent. Return on cash invested shows 23.58% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 123.15% and total cumulative return in cash records $42,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $799/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1948
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48228, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,274 (100%) |
| Owner Occupied HU | 9,640 (43.3%) |
| Renter Occupied HU | 9,525 (42.8%) |
| Vacant Housing Units | 3,109 (14.0%) |
| Median Home Value | $61,280 |
| Average Home Value | $129,795 |
Housing Distribution
Address Breakdown
Residential
19,964
Single Family
18,566
Multi-Family
1,398
Businesses
945
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