16717 Fielding StDetroitMI48219
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 16717 Fielding St, Detroit, MI, 48219 generates $1,501/mo in rent and, after a $1,052/mo payment, leaves $84/mo in cash flow. Total monthly income is $1,501/mo, and annual cash flow is $1,004/yr on $71,239 invested. Return on cash invested sits at 21.32% in year one, and rental yield is 8.38% on a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 110.95% and total cumulative return in cash sums $79,038. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,501/mo property income rather than buyer’s personal income.
Single Family
Built in 1931
5,227 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices