13129 Averhill CtDetroitMI48215
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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
Rental property for sale in Detroit at 13129 Averhill Ct, Detroit, MI, 48215 generates $1,858/mo in rent and, after a $929/mo payment, leaves $606/mo in cash flow. Total monthly income is $1,858/mo, and annual cash flow is $7,274/yr on $62,952 invested. Return on cash invested sits at 31.46% in year one, and rental yield is 11.74% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 165.39% and total cumulative return in cash sums $104,117. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,858/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48215, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,751 (100%) |
| Owner Occupied HU | 2,281 (39.7%) |
| Renter Occupied HU | 2,285 (39.7%) |
| Vacant Housing Units | 1,185 (20.6%) |
| Median Home Value | $159,707 |
| Average Home Value | $228,680 |
Housing Distribution
Address Breakdown
Residential
4,728
Single Family
3,996
Multi-Family
732
Businesses
301
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