2241 Vermont StDetroitMI48216
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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 2241 Vermont St, Detroit, MI, 48216 offers $1,751/mo rent that, after a $1,204/mo payment, leaves $129/mo cash flow. Total monthly income is $1,751/mo, and annual cash flow is $1,546/yr on $81,549 cash. Return on cash invested measures 21.8% in year one, and rental yield stands at 8.54% at a $246,000 entry. Equity gained on principal adds $1,587/yr while 5% annual appreciation compounds into $67,965 by year five. Five-year ROI records 113.53% and total cumulative return in cash reaches $92,582. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,751/mo property income versus a $1,204/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48216, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,611 (100%) |
| Owner Occupied HU | 1,001 (27.7%) |
| Renter Occupied HU | 1,784 (49.4%) |
| Vacant Housing Units | 826 (22.9%) |
| Median Home Value | $241,667 |
| Average Home Value | $294,176 |
Housing Distribution
Address Breakdown
Residential
2,835
Single Family
1,751
Multi-Family
1,084
Businesses
419
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