19385 Concord 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 19385 Concord St, Detroit, MI, 48234 uses $40,775 cash to close to unlock $1,475/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $934/mo, and a $602/mo payment keeps the spread at $123/mo. Purchase price stands at $123,000, and rental yield measures 9.11% with $934/mo rent. Return on cash invested shows 23.53% in year one, and 5% annual appreciation builds toward $33,983 over five years. Five-year ROI reaches 122.81% and total cumulative return in cash records $50,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $934/mo property income covering a $602/mo payment rather than investor’s personal income.
Single Family
Built in 1941
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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