1650 Bagley St UNIT 5DetroitMI48216
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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 1650 Bagley St UNIT 5, Detroit, MI, 48216 earns from $3,479/mo rent with a $2,883/mo payment. Total monthly income totals $3,479/mo. ROI tracks 16.03% on current figures, and rental yield reads 7.09% at a $589,000 purchase. Equity gained on principal adds $3,801/yr, and 5% annual appreciation supports $162,730 over five years. Five-year ROI reaches 83.08% and total cumulative return in cash sums $160,994. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,479/mo property income instead of your personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
$246 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48216, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,611 (100%) |
| Owner Occupied HU | 1,001 (27.7%) |
| Renter Occupied HU | 1,784 (49.4%) |
| Vacant Housing Units | 826 (22.9%) |
| Median Home Value | $241,667 |
| Average Home Value | $294,176 |
Housing Distribution
Address Breakdown
Residential
2,835
Single Family
1,751
Multi-Family
1,084
Businesses
419
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Listed by: James Tumey • O'Connor Realty Detroit, LLC
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250010026
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-02-15 20:56:53 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702