20253 Asbury ParkDetroitMI48235
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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 20253 Asbury Park, Detroit, MI, 48235 listed at $147,750 pairs $1,175/mo rent with a $723/mo payment to leave $201/mo cash flow. Total monthly income runs $1,175/mo, and annual cash flow reaches $2,410/yr on $48,979 cash to close. Return on cash invested measures 24.83% in year one, and rental yield registers 9.54% at a $147,750 basis. Equity gained on principal adds $953/yr, and annual property appreciation at 5% supports $40,821 by year five. Five-year ROI tracks 129.77% and total cumulative return in cash totals $63,560. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,175/mo property income relative to a $723/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48235, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,262 (100%) |
| Owner Occupied HU | 10,030 (52.1%) |
| Renter Occupied HU | 7,437 (38.6%) |
| Vacant Housing Units | 1,795 ( 9.3%) |
| Median Home Value | $93,913 |
| Average Home Value | $127,245 |
Housing Distribution
Address Breakdown
Residential
18,178
Single Family
16,284
Multi-Family
1,894
Businesses
960
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