193 Lakewood StDetroitMI48215
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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 193 Lakewood St, Detroit, MI, 48215 earns $228/mo cash flow from $1,349/mo rent with a $832/mo payment. Total monthly income totals $1,349/mo, and annual cash flow totals $2,736/yr on $56,355 capital. ROI tracks 24.76% on current figures, and rental yield reads 9.52% at a $170,000 purchase. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 over five years. Five-year ROI reaches 129.4% and total cumulative return in cash sums $72,921. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,349/mo property income instead of your personal income.
Single Family
Built in 1950
5,532 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48215, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,751 (100%) |
| Owner Occupied HU | 2,281 (39.7%) |
| Renter Occupied HU | 2,285 (39.7%) |
| Vacant Housing Units | 1,185 (20.6%) |
| Median Home Value | $159,707 |
| Average Home Value | $228,680 |
Housing Distribution
Address Breakdown
Residential
4,728
Single Family
3,996
Multi-Family
732
Businesses
301
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