141-143 Blaine StDetroitMI48202
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 141-143 Blaine St, Detroit, MI, 48202 generates $1,738/mo in rent and, after a $636/mo payment, leaves $881/mo in cash flow. Total monthly income is $1,738/mo, and annual cash flow is $10,572/yr on $43,095 invested. Return on cash invested sits at 44.44% in year one, and rental yield is 16.04% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 234.91% and total cumulative return in cash sums $101,235. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,738/mo property income rather than buyer’s personal income.
Multi Family
Built in 1910
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48202, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,134 (100%) |
| Owner Occupied HU | 2,253 (20.2%) |
| Renter Occupied HU | 6,556 (58.9%) |
| Vacant Housing Units | 2,325 (20.9%) |
| Median Home Value | $260,755 |
| Average Home Value | $317,030 |
Housing Distribution
Address Breakdown
Residential
8,614
Single Family
4,239
Multi-Family
4,375
Businesses
886
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Listed by: Tracey Tilmon-Jackson • Real Estate One Southgate
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50193825
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