15922 Turner St,Detroit,MI,48238

Investment Highlights

Investment property for sale in Detroit at 15922 Turner St, Detroit, MI, 48238 offers a 12.54% rental yield on a $139,000 purchase with $1,453/mo rent. Total monthly income registers $1,453/mo, and a $680/mo payment leaves $537/mo available for distribution. Annual cash flow reaches $6,440/yr on $46,079 to close, and return on cash invested stands at 33.89% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 178.33% and total cumulative return in cash at $82,172. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,453/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.