14909 Griggs St,Detroit,MI,48238

Investment Highlights

Rental property for sale in Detroit at 14909 Griggs St, Detroit, MI, 48238 generates $910/mo in rent and, after a $563/mo payment, leaves $152/mo in cash flow. Total monthly income is $910/mo, and annual cash flow is $1,818/yr on $38,123 invested. Return on cash invested sits at 24.68% in year one, and rental yield is 9.5% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 129.02% and total cumulative return in cash sums $49,185. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $910/mo property income rather than buyer’s personal income.