15781 Washburn St,Detroit,MI,48238

Investment Highlights

Investment property for sale in Detroit at 15781 Washburn St, Detroit, MI, 48238 listed at $197,500 pairs $1,580/mo rent with a $967/mo payment to leave $277/mo cash flow. Total monthly income runs $1,580/mo, and annual cash flow reaches $3,327/yr on $65,471 cash to close. Return on cash invested measures 24.99% in year one, and rental yield registers 9.6% at a $197,500 basis. Equity gained on principal adds $1,274/yr, and annual property appreciation at 5% supports $54,566 by year five. Five-year ROI tracks 130.69% and total cumulative return in cash totals $85,563. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,580/mo property income relative to a $967/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).