2248 Faber StHamtramckMI48212
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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 Hamtramck at 2248 Faber St, Hamtramck, MI, 48212 generates $2,076/mo in rent and, after a $1,370/mo payment, leaves $230/mo in cash flow. Total monthly income is $2,076/mo, and annual cash flow is $2,760/yr on $92,820 invested. Return on cash invested sits at 22.88% in year one, and rental yield is 8.9% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 119.31% and total cumulative return in cash sums $110,745. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,076/mo property income rather than buyer’s personal income.
Single Family
Built in 1895
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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