19389 Hoover StDetroitMI48205
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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
Rental property for sale in Detroit at 19389 Hoover St, Detroit, MI, 48205 generates $1,376/mo in rent, after a $1,101/mo payment. Total monthly income is $1,376/mo. Return on cash invested sits at 18.18% in year one, and rental yield is 7.34% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 94.13% and total cumulative return in cash sums $70,209. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,376/mo property income rather than buyer’s personal income.
Multi Family
Built in 1948
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48205, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,957 (100%) |
| Owner Occupied HU | 6,481 (46.4%) |
| Renter Occupied HU | 5,046 (36.2%) |
| Vacant Housing Units | 2,430 (17.4%) |
| Median Home Value | $55,600 |
| Average Home Value | $102,023 |
Housing Distribution
Address Breakdown
Residential
12,202
Single Family
11,858
Multi-Family
344
Businesses
550
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