130 1st St NEDetroitTX75436
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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 130 1st St NE, Detroit, TX, 75436 uses $36,432 cash to close to unlock $1,157/yr annual cash flow and $96/mo monthly cash flow. Total monthly income runs $878/mo, and a $538/mo payment keeps the spread at $96/mo. Purchase price stands at $109,900, and rental yield measures 9.59% with $878/mo rent. Return on cash invested shows 23.08% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 121.19% and total cumulative return in cash records $44,152. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $878/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1968
9,365 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75436, Detroit, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 924 (100%) |
| Owner Occupied HU | 630 (68.2%) |
| Renter Occupied HU | 188 (20.3%) |
| Vacant Housing Units | 106 (11.5%) |
| Median Home Value | $187,209 |
| Average Home Value | $224,754 |
Housing Distribution
Address Breakdown
Residential
890
Single Family
890
Multi-Family
0
Businesses
41
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Listed by: Meagen Smith • Hygge Homes and Land
Mls Name: NTREIS
Mls ID: #20979554
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.