202 Edmund Plan, Edmund PlaceDetroitMI48201
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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
Rental property for sale in Detroit at 202 Edmund Plan, Edmund Place, Detroit, MI, 48201 priced at $698,990 pairs $5,084/mo rent with $475/mo cash flow after a $3,421/mo payment. Total monthly income equals $5,084/mo, and annual cash flow comes to $5,697/yr on $229,968 invested. Return on cash invested is 22.54% in year one, and rental yield stands at 8.73% on a $698,990 basis. Equity gained on principal adds $4,510/yr, and 5% annual appreciation accumulates to $193,118 by year five. Five-year ROI measures 117.44% and total cumulative return in cash reaches $270,071. For financing, Ziffy Mortgage’s DSCR program evaluates $5,084/mo property income against a $3,421/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48201, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,968 (100%) |
| Owner Occupied HU | 778 ( 7.1%) |
| Renter Occupied HU | 7,994 (72.9%) |
| Vacant Housing Units | 2,196 (20.0%) |
| Median Home Value | $439,119 |
| Average Home Value | $495,726 |
Housing Distribution
Address Breakdown
Residential
9,162
Single Family
2,532
Multi-Family
6,630
Businesses
586
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