1646 Chicago BlvdDetroitMI48206
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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
Investment property for sale in Detroit at 1646 Chicago Blvd, Detroit, MI, 48206 uses $142,512 cash to close to unlock $4,814/yr annual cash flow and $401/mo monthly cash flow. Total monthly income runs $3,236/mo, and a $2,104/mo payment keeps the spread at $401/mo. Purchase price stands at $429,900, and rental yield measures 9.03% with $3,236/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 121.5% and total cumulative return in cash records $173,155. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,236/mo property income covering a $2,104/mo payment rather than investor’s personal income.
Single Family
Built in 1919
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48206, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,407 (100%) |
| Owner Occupied HU | 3,307 (31.8%) |
| Renter Occupied HU | 3,557 (34.2%) |
| Vacant Housing Units | 3,543 (34.0%) |
| Median Home Value | $151,731 |
| Average Home Value | $209,283 |
Housing Distribution
Address Breakdown
Residential
7,309
Single Family
6,362
Multi-Family
947
Businesses
167
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