2003 Brooklyn St #29/403DetroitMI48226
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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 2003 Brooklyn St #29/403, Detroit, MI, 48226 listed at $635,000 pairs $2,782/mo rent with a $3,108/mo payment. Total monthly income runs $2,782/mo. Return on cash invested measures 11.99% in year one, and rental yield registers 5.26% at a $635,000 basis. Equity gained on principal adds $4,098/yr, and annual property appreciation at 5% supports $175,439 by year five. Five-year ROI tracks 60.86% and total cumulative return in cash totals $127,148. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,782/mo property income relative to a $3,108/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1921
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48226, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,368 (100%) |
| Owner Occupied HU | 351 ( 5.5%) |
| Renter Occupied HU | 4,288 (67.3%) |
| Vacant Housing Units | 1,729 (27.2%) |
| Median Home Value | $338,406 |
| Average Home Value | $365,419 |
Housing Distribution
Address Breakdown
Residential
4,968
Single Family
552
Multi-Family
4,416
Businesses
1,511
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