15751 Fairfield StDetroitMI48238
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 15751 Fairfield St, Detroit, MI, 48238 offers a 9.31% rental yield on a $100,000 purchase with $776/mo rent. Total monthly income registers $776/mo, and a $489/mo payment leaves $117/mo available for distribution. Annual cash flow reaches $1,404/yr on $33,150 to close, and return on cash invested stands at 24.14% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 126.02% and total cumulative return in cash at $41,776. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $776/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
3,049 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices