16600-16620 Greenfield RdDetroitMI48235
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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 16600-16620 Greenfield Rd, Detroit, MI, 48235 generates $1,800/mo in rent, after a $9,667/mo payment. Total monthly income is $1,800/mo. Return on cash invested sits at -0.68% in year one, and rental yield is 1.09% on a $1,975,000 entry. Equity gained on principal adds $12,744/yr, while 5% annual appreciation builds toward $545,656 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Multi Family
Built in 1964
1.14 Acres 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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Listed by: Justin Zehel • Keller Williams Paint Creek
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50175782
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