16871 Ashton AveDetroitMI48219
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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 16871 Ashton Ave, Detroit, MI, 48219 uses $96,102 cash to close to unlock $17,834/yr annual cash flow and $1,486/mo monthly cash flow. Total monthly income runs $3,398/mo, and a $1,419/mo payment keeps the spread at $1,486/mo. Purchase price stands at $289,900, and rental yield measures 14.07% with $3,398/mo rent. Return on cash invested shows 38.47% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 202.92% and total cumulative return in cash records $195,009. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,398/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1956
4,791 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
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