213 Alfred StDetroitMI48201
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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 213 Alfred St, Detroit, MI, 48201 at $800,000 posts ROI 16.14% with from $4,982/mo rent. Total monthly income equals $4,982/mo. Return on cash invested measures 16.14% and rental yield reads 7.47% at the current $800,000. Equity gained on principal adds $5,162/yr, and 5% annual appreciation supports $221,025 by year five. Five-year ROI prints 84.06% and total cumulative return in cash totals $221,240. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,982/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2020
N/A lot
$N/A/sqft
$566 monthly 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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Nearby investment properties with comparable prices
Listed by: Erica Collica Swink • Max Broock, REALTORS-Detroit
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250031561
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-10-11 23:01:28 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702