16770 Fenmore 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 16770 Fenmore St, Detroit, MI, 48235 offers a 15.11% rental yield on a $169,900 purchase with $2,140/mo rent. Total monthly income registers $2,140/mo, and a $832/mo payment leaves $1,019/mo available for distribution. Annual cash flow reaches $12,230/yr on $56,322 to close, and return on cash invested stands at 41.62% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 219.9% and total cumulative return in cash at $123,854. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,140/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
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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