1535 6th St SUITE 5DetroitMI48226
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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 1535 6th St SUITE 5, Detroit, MI, 48226 generates $4,442/mo in rent, after a $8,321/mo payment. Total monthly income is $4,442/mo. Return on cash invested sits at 5.62% in year one, and rental yield is 3.14% on a $1,700,000 entry. Equity gained on principal adds $10,970/yr, while 5% annual appreciation builds toward $469,679 over five years. Five-year ROI reaches 26.67% and total cumulative return in cash sums $146,899. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,442/mo property income rather than buyer’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48226, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,368 (100%) |
| Owner Occupied HU | 351 ( 5.5%) |
| Renter Occupied HU | 4,288 (67.3%) |
| Vacant Housing Units | 1,729 (27.2%) |
| Median Home Value | $338,406 |
| Average Home Value | $365,419 |
Housing Distribution
Address Breakdown
Residential
4,968
Single Family
552
Multi-Family
4,416
Businesses
1,511
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