18506 Moenart StDetroitMI48234
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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 18506 Moenart St, Detroit, MI, 48234 uses $33,150 cash to close to unlock $1,188/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $758/mo, and a $489/mo payment keeps the spread at $99/mo. Purchase price stands at $100,000, and rental yield measures 9.1% with $758/mo rent. Return on cash invested shows 23.49% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 122.58% and total cumulative return in cash records $40,636. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $758/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1949
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48234, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,955 (100%) |
| Owner Occupied HU | 6,850 (49.1%) |
| Renter Occupied HU | 5,234 (37.5%) |
| Vacant Housing Units | 1,871 (13.4%) |
| Median Home Value | $72,388 |
| Average Home Value | $146,872 |
Housing Distribution
Address Breakdown
Residential
12,727
Single Family
11,682
Multi-Family
1,045
Businesses
787
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