14011-14013 Northlawn StDetroitMI48238
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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 14011-14013 Northlawn St, Detroit, MI, 48238 uses $44,753 cash to close to unlock $6,150/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $1,403/mo, and a $661/mo payment keeps the spread at $513/mo. Purchase price stands at $135,000, and rental yield measures 12.47% with $1,403/mo rent. Return on cash invested shows 33.65% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 177.14% and total cumulative return in cash records $79,273. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,403/mo property income covering a $661/mo payment rather than investor’s personal income.
Multi Family
Built in 1929
3,484 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices