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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
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$1,900,000
48 bds48 ba25970sqft
14881 Schaefer Hwy #E15EF898EDetroitMI48227
0.61%
Gross Yield
-2.17%
ROI
$968/m
Est. Rent
$0
Total Investment
$0
Down Payment
$0
Closing Costs
For Sale
Rental Income
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NMLS #2625701
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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
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Investment Highlights
Total monthly income runs $968/mo, and a $9,300/mo payment. Purchase price stands at $1,900,000, and rental yield measures 0.61% with $968/mo rent. Return on cash invested shows -2.17% in year one, and 5% annual appreciation builds toward $524,935 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $968/mo property income covering a $9,300/mo payment rather than investor’s personal income.
Multi Family
Built in 1965
0.70 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Powered by
Ziffy Mortgage
NMLS #2625701
Get Pre-Approved