18244 Berg RdDetroitMI48219
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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 18244 Berg Rd, Detroit, MI, 48219 uses $99,450 cash to close to unlock $960/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $2,058/mo, and a $1,468/mo payment keeps the spread at $80/mo. Purchase price stands at $300,000, and rental yield measures 8.23% with $2,058/mo rent. Return on cash invested shows 20.87% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 108.55% and total cumulative return in cash records $107,952. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,058/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1927
8,276 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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