13538 Penrod StDetroitMI48223
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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 13538 Penrod St, Detroit, MI, 48223 uses $34,808 cash to close to unlock $1,662/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $831/mo, and a $514/mo payment keeps the spread at $139/mo. Purchase price stands at $105,000, and rental yield measures 9.5% with $831/mo rent. Return on cash invested shows 24.68% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 129.05% and total cumulative return in cash records $44,918. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $831/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1951
4,356 sqft 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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