15076 Sussex StDetroitMI48227
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 15076 Sussex St, Detroit, MI, 48227 offers a 10.97% rental yield on a $164,900 purchase with $1,507/mo rent. Total monthly income registers $1,507/mo, and a $807/mo payment leaves $420/mo available for distribution. Annual cash flow reaches $5,036/yr on $54,664 to close, and return on cash invested stands at 29.12% in year one. Equity gained on principal adds $1,064/yr while 5% annual appreciation supports $45,559 over five years. Portfolio math shows five-year ROI at 152.79% and total cumulative return in cash at $83,524. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,507/mo property income against a $807/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1929
4,791 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices