16101 Chapel StDetroitMI48219
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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
Rental property for sale in Detroit at 16101 Chapel St, Detroit, MI, 48219 generates $824/mo in rent and, after a $514/mo payment, leaves $132/mo in cash flow. Total monthly income is $824/mo, and annual cash flow is $1,578/yr on $34,808 invested. Return on cash invested sits at 24.44% in year one, and rental yield is 9.42% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 127.81% and total cumulative return in cash sums $44,486. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $824/mo property income rather than buyer’s personal income.
Single Family
Built in 1939
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48219, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,087 (100%) |
| Owner Occupied HU | 10,175 (48.3%) |
| Renter Occupied HU | 8,808 (41.8%) |
| Vacant Housing Units | 2,104 ( 10.0%) |
| Median Home Value | $89,919 |
| Average Home Value | $133,994 |
Housing Distribution
Address Breakdown
Residential
18,789
Single Family
16,030
Multi-Family
2,759
Businesses
818
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