1454 Townsend St #103DetroitMI48214
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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 1454 Townsend St #103, Detroit, MI, 48214 generates $2,309/mo in rent and, after a $1,021/mo payment, leaves $699/mo in cash flow. Total monthly income is $2,309/mo, and annual cash flow is $8,383/yr on $69,118 invested. Return on cash invested sits at 32.04% in year one, and rental yield is 13.29% on a $208,500 entry. Equity gained on principal adds $1,345/yr, while 5% annual appreciation builds toward $57,605 over five years. Five-year ROI reaches 169.92% and total cumulative return in cash sums $117,445. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,309/mo property income rather than buyer’s personal income.
Apartment
Built in 1912
1 Acres lot
$N/A/sqft
$235 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48214, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,605 (100%) |
| Owner Occupied HU | 3,843 (30.5%) |
| Renter Occupied HU | 6,314 (50.1%) |
| Vacant Housing Units | 2,448 (19.4%) |
| Median Home Value | $116,792 |
| Average Home Value | $223,730 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
5,086
Multi-Family
3,947
Businesses
400
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