2359 Detroit AveLincoln ParkMI48146
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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 Lincoln Park at 2359 Detroit Ave, Lincoln Park, MI, 48146 uses $69,582 cash to close to unlock $4,250/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $1,738/mo, and a $1,027/mo payment keeps the spread at $354/mo. Purchase price stands at $209,900, and rental yield measures 9.94% with $1,738/mo rent. Return on cash invested shows 26.02% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 136.19% and total cumulative return in cash records $94,760. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,738/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1950
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48146, Lincoln Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,394 (100%) |
| Owner Occupied HU | 11,122 (67.8%) |
| Renter Occupied HU | 4,506 (27.5%) |
| Vacant Housing Units | 766 ( 4.7%) |
| Median Home Value | $123,136 |
| Average Home Value | $171,848 |
Housing Distribution
Address Breakdown
Residential
15,865
Single Family
14,963
Multi-Family
902
Businesses
737
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Listed by: Ali Karkaba • RE/MAX Leading Edge
Mls Name: Realcomp II
Mls ID: #20261006176