2020 Halleck StDetroitMI48212
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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 2020 Halleck St, Detroit, MI, 48212 uses $48,068 cash to close to unlock $2,190/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $1,139/mo, and a $710/mo payment keeps the spread at $183/mo. Purchase price stands at $145,000, and rental yield measures 9.43% with $1,139/mo rent. Return on cash invested shows 24.47% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 127.86% and total cumulative return in cash records $61,460. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,139/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1924
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48212, Hamtramck, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,070 (100%) |
| Owner Occupied HU | 7,245 (51.5%) |
| Renter Occupied HU | 5,428 (38.6%) |
| Vacant Housing Units | 1,397 ( 9.9%) |
| Median Home Value | $120,746 |
| Average Home Value | $179,760 |
Housing Distribution
Address Breakdown
Residential
12,551
Single Family
12,311
Multi-Family
240
Businesses
1,032
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