19948 Mitchell 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 19948 Mitchell St, Detroit, MI, 48234 earns $127/mo cash flow from $951/mo rent with a $612/mo payment. Total monthly income totals $951/mo, and annual cash flow totals $1,518/yr on $41,437 capital. ROI tracks 23.57% on current figures, and rental yield reads 9.13% at a $124,999 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 123.06% and total cumulative return in cash sums $50,993. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $951/mo property income instead of your personal income.
Single Family
Built in 1941
3,920 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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