19698 Packard 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 19698 Packard St, Detroit, MI, 48234 uses $53,007 cash to close to unlock $12,914/yr annual cash flow and $1,076/mo monthly cash flow. Total monthly income runs $2,131/mo, and a $783/mo payment keeps the spread at $1,076/mo. Purchase price stands at $159,900, and rental yield measures 15.99% with $2,131/mo rent. Return on cash invested shows 44.27% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 234.12% and total cumulative return in cash records $124,098. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,131/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1942
4,791 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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