12886 Southfield FwyDetroitMI48223
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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
Total monthly income runs $1,195/mo, and a $994/mo payment. Purchase price stands at $203,000, and rental yield measures 7.06% with $1,195/mo rent. Return on cash invested shows 17.34% in year one, and 5% annual appreciation builds toward $56,085 over five years. Five-year ROI reaches 89.59% and total cumulative return in cash records $60,290. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,195/mo property income covering a $994/mo payment rather than investor’s personal income.
Multi Family
Built in 1960
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48223, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,204 (100%) |
| Owner Occupied HU | 5,155 (50.5%) |
| Renter Occupied HU | 3,921 (38.4%) |
| Vacant Housing Units | 1,128 (11.1%) |
| Median Home Value | $111,412 |
| Average Home Value | $150,707 |
Housing Distribution
Address Breakdown
Residential
9,353
Single Family
8,396
Multi-Family
957
Businesses
535
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Listed by: Nadeem A Gebrael • Gebrael Management
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50189249
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