2406 Sharon StDetroitMI48209
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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 2406 Sharon St, Detroit, MI, 48209 priced at $135,900 pairs $1,070/mo rent with $174/mo cash flow after a $665/mo payment. Total monthly income equals $1,070/mo, and annual cash flow comes to $2,088/yr on $45,051 invested. Return on cash invested is 24.54% in year one, and rental yield stands at 9.45% on a $135,900 basis. Equity gained on principal adds $877/yr, and 5% annual appreciation accumulates to $37,547 by year five. Five-year ROI measures 128.19% and total cumulative return in cash reaches $57,751. For financing, Ziffy Mortgage’s DSCR program evaluates $1,070/mo property income against a $665/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1919
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48209, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,028 (100%) |
| Owner Occupied HU | 4,559 (45.5%) |
| Renter Occupied HU | 3,875 (38.6%) |
| Vacant Housing Units | 1,594 (15.9%) |
| Median Home Value | $97,165 |
| Average Home Value | $179,052 |
Housing Distribution
Address Breakdown
Residential
8,479
Single Family
7,568
Multi-Family
911
Businesses
573
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