1931-1939 Ewald Cir,Detroit,MI,48238

Investment Highlights

Rental property for sale in Detroit at 1931-1939 Ewald Cir, Detroit, MI, 48238 generates $1,563/mo in rent and, after a $734/mo payment, leaves $574/mo in cash flow. Total monthly income is $1,563/mo, and annual cash flow is $6,890/yr on $49,692 invested. Return on cash invested sits at 33.77% in year one, and rental yield is 12.51% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 177.83% and total cumulative return in cash sums $88,367. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,563/mo property income rather than buyer’s personal income.