17577 Northrop StDetroitMI48219
Nearby investment properties with comparable rents
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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 17577 Northrop St, Detroit, MI, 48219 earns $1,652/mo cash flow from $2,746/mo rent with a $812/mo payment. Total monthly income totals $2,746/mo, and annual cash flow totals $19,822/yr on $55,029 capital. ROI tracks 55.93% on current figures, and rental yield reads 19.85% at a $166,000 purchase. Equity gained on principal adds $1,071/yr, and 5% annual appreciation supports $45,863 over five years. Five-year ROI reaches 296.55% and total cumulative return in cash sums $163,189. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,746/mo property income instead of your personal income.
Single Family
Built in 1918
10,019 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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