1904-1906 Central AveDetroitMI48209
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
Rental property for sale in Detroit at 1904-1906 Central Ave, Detroit, MI, 48209 generates $1,776/mo in rent, after a $2,442/mo payment. Total monthly income is $1,776/mo. Return on cash invested sits at 8.92% in year one, and rental yield is 4.27% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 44.46% and total cumulative return in cash sums $73,542. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,776/mo property income rather than buyer’s personal income.
Multi Family
Built in 1925
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48209, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,028 (100%) |
| Owner Occupied HU | 4,559 (45.5%) |
| Renter Occupied HU | 3,875 (38.6%) |
| Vacant Housing Units | 1,594 (15.9%) |
| Median Home Value | $97,165 |
| Average Home Value | $179,052 |
Housing Distribution
Address Breakdown
Residential
8,479
Single Family
7,568
Multi-Family
911
Businesses
573
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices