14633 Forrer StDetroitMI48227
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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 14633 Forrer St, Detroit, MI, 48227 offers a 12.46% rental yield on a $100,000 purchase with $1,038/mo rent. Total monthly income registers $1,038/mo, and a $489/mo payment leaves $379/mo available for distribution. Annual cash flow reaches $4,548/yr on $33,150 to close, and return on cash invested stands at 33.63% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 176.92% and total cumulative return in cash at $58,648. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,038/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1928
6,098 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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