15876 Burt RdDetroitMI48223
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 15876 Burt Rd, Detroit, MI, 48223 offers a 9.22% rental yield on a $169,900 purchase with $1,305/mo rent. Total monthly income registers $1,305/mo, and a $832/mo payment leaves $184/mo available for distribution. Annual cash flow reaches $2,210/yr on $56,322 to close, and return on cash invested stands at 23.83% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 124.52% and total cumulative return in cash at $70,130. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,305/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
5,662 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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