2209 Pasadena St,Detroit,MI,48238

Investment Highlights

Rental property for sale in Detroit at 2209 Pasadena St, Detroit, MI, 48238 generates $965/mo in rent and, after a $714/mo payment, leaves $3/mo in cash flow. Total monthly income is $965/mo, and annual cash flow is $36/yr on $48,366 invested. Return on cash invested sits at 19.98% in year one, and rental yield is 7.94% on a $145,900 entry. Equity gained on principal adds $941/yr, while 5% annual appreciation builds toward $40,309 over five years. Five-year ROI reaches 103.76% and total cumulative return in cash sums $50,187. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $965/mo property income rather than buyer’s personal income.