18257 Kentucky StDetroitMI48221
Nearby investment properties with comparable rents
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
Investment property for sale in Detroit at 18257 Kentucky St, Detroit, MI, 48221 uses $79,229 cash to close to unlock $248/yr annual cash flow and $21/mo monthly cash flow. Total monthly income runs $1,597/mo, and a $1,170/mo payment keeps the spread at $21/mo. Purchase price stands at $239,000, and rental yield measures 8.02% with $1,597/mo rent. Return on cash invested shows 20.22% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 105.08% and total cumulative return in cash records $83,256. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,597/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1948
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48221, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,884 (100%) |
| Owner Occupied HU | 9,442 (55.9%) |
| Renter Occupied HU | 5,410 (32.0%) |
| Vacant Housing Units | 2,032 (12.0%) |
| Median Home Value | $172,950 |
| Average Home Value | $218,945 |
Housing Distribution
Address Breakdown
Residential
14,905
Single Family
14,062
Multi-Family
843
Businesses
888
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices