1796 Burns StDetroitMI48214
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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 1796 Burns St, Detroit, MI, 48214 offers $10,769/mo rent that, after a $4,645/mo payment, leaves $4,511/mo cash flow. Total monthly income is $10,769/mo, and annual cash flow is $54,128/yr on $312,221 cash. Return on cash invested measures 37.4% in year one, and rental yield stands at 13.62% at a $949,000 entry. Equity gained on principal adds $6,124/yr while 5% annual appreciation compounds into $262,191 by year five. Five-year ROI records 197.12% and total cumulative return in cash reaches $615,456. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $10,769/mo property income versus a $4,645/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48214, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,605 (100%) |
| Owner Occupied HU | 3,843 (30.5%) |
| Renter Occupied HU | 6,314 (50.1%) |
| Vacant Housing Units | 2,448 (19.4%) |
| Median Home Value | $116,792 |
| Average Home Value | $223,730 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
5,086
Multi-Family
3,947
Businesses
400
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