14385 Asbury ParkDetroitMI48227
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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 14385 Asbury Park, Detroit, MI, 48227 uses $77,903 cash to close to unlock $5,142/yr annual cash flow and $429/mo monthly cash flow. Total monthly income runs $1,978/mo, and a $1,150/mo payment keeps the spread at $429/mo. Purchase price stands at $235,000, and rental yield measures 10.1% with $1,978/mo rent. Return on cash invested shows 26.51% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 138.79% and total cumulative return in cash records $108,124. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,978/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1934
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48227, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,587 (100%) |
| Owner Occupied HU | 8,649 (46.5%) |
| Renter Occupied HU | 7,045 (37.9%) |
| Vacant Housing Units | 2,893 (15.6%) |
| Median Home Value | $81,704 |
| Average Home Value | $139,011 |
Housing Distribution
Address Breakdown
Residential
16,077
Single Family
14,819
Multi-Family
1,258
Businesses
927
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