19929 Joann 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
Investment property for sale in Detroit at 19929 Joann St, Detroit, MI, 48205 earns $129/mo cash flow from $788/mo rent with a $489/mo payment. Total monthly income totals $788/mo, and annual cash flow totals $1,548/yr on $33,150 capital. ROI tracks 24.58% on current figures, and rental yield reads 9.46% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 128.41% and total cumulative return in cash sums $42,568. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $788/mo property income instead of your personal income.
Single Family
Built in 1942
5,227 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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