16521 Biltmore StDetroitMI48235
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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 16521 Biltmore St, Detroit, MI, 48235 uses $59,339 cash to close to unlock $1,952/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $1,343/mo, and a $876/mo payment keeps the spread at $163/mo. Purchase price stands at $179,000, and rental yield measures 9% with $1,343/mo rent. Return on cash invested shows 23.2% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 121.04% and total cumulative return in cash records $71,823. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,343/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1939
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48235, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,262 (100%) |
| Owner Occupied HU | 10,030 (52.1%) |
| Renter Occupied HU | 7,437 (38.6%) |
| Vacant Housing Units | 1,795 ( 9.3%) |
| Median Home Value | $93,913 |
| Average Home Value | $127,245 |
Housing Distribution
Address Breakdown
Residential
18,178
Single Family
16,284
Multi-Family
1,894
Businesses
960
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