1983 Clairmount AveDetroitMI48206
Nearby investment properties with comparable rents
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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 1983 Clairmount Ave, Detroit, MI, 48206 earns $191/mo cash flow from $1,180/mo rent with a $734/mo payment. Total monthly income totals $1,180/mo, and annual cash flow totals $2,292/yr on $49,725 capital. ROI tracks 24.52% on current figures, and rental yield reads 9.44% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 128.06% and total cumulative return in cash sums $63,678. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,180/mo property income instead of your personal income.
Single Family
Built in 1922
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48206, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,407 (100%) |
| Owner Occupied HU | 3,307 (31.8%) |
| Renter Occupied HU | 3,557 (34.2%) |
| Vacant Housing Units | 3,543 (34.0%) |
| Median Home Value | $151,731 |
| Average Home Value | $209,283 |
Housing Distribution
Address Breakdown
Residential
7,309
Single Family
6,362
Multi-Family
947
Businesses
167
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