15354 Artesian StDetroitMI48223
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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 15354 Artesian St, Detroit, MI, 48223 uses $66,267 cash to close to unlock $5,138/yr annual cash flow and $428/mo monthly cash flow. Total monthly income runs $1,746/mo, and a $978/mo payment keeps the spread at $428/mo. Purchase price stands at $199,900, and rental yield measures 10.48% with $1,746/mo rent. Return on cash invested shows 27.66% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 145.01% and total cumulative return in cash records $96,097. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,746/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1939
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48223, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,204 (100%) |
| Owner Occupied HU | 5,155 (50.5%) |
| Renter Occupied HU | 3,921 (38.4%) |
| Vacant Housing Units | 1,128 (11.1%) |
| Median Home Value | $111,412 |
| Average Home Value | $150,707 |
Housing Distribution
Address Breakdown
Residential
9,353
Single Family
8,396
Multi-Family
957
Businesses
535
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