18947 Cherrylawn 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
Investment property for sale in Detroit at 18947 Cherrylawn St, Detroit, MI, 48221 uses $69,582 cash to close to unlock $4,214/yr annual cash flow and $351/mo monthly cash flow. Total monthly income runs $1,735/mo, and a $1,027/mo payment keeps the spread at $351/mo. Purchase price stands at $209,900, and rental yield measures 9.92% with $1,735/mo rent. Return on cash invested shows 25.97% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 135.93% and total cumulative return in cash records $94,580. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,735/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1937
3,920 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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