18495 Manor StDetroitMI48221
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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
Rental property for sale in Detroit at 18495 Manor St, Detroit, MI, 48221 generates $1,858/mo in rent and, after a $989/mo payment, leaves $526/mo in cash flow. Total monthly income is $1,858/mo, and annual cash flow is $6,307/yr on $66,963 invested. Return on cash invested sits at 29.33% in year one, and rental yield is 11.04% on a $202,000 entry. Equity gained on principal adds $1,303/yr, while 5% annual appreciation builds toward $55,809 over five years. Five-year ROI reaches 153.9% and total cumulative return in cash sums $103,056. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,858/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
3,484 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
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