12795 Ilene St,Detroit,MI,48238

Investment Highlights

Rental property for sale in Detroit at 12795 Ilene St, Detroit, MI, 48238 generates $1,117/mo in rent and, after a $729/mo payment, leaves $135/mo in cash flow. Total monthly income is $1,117/mo, and annual cash flow is $1,618/yr on $49,360 invested. Return on cash invested sits at 23.19% in year one, and rental yield is 9% on a $148,900 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,138 over five years. Five-year ROI reaches 120.96% and total cumulative return in cash sums $59,709. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,117/mo property income rather than buyer’s personal income.