2431 Lothrop StDetroitMI48206
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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 Detroit at 2431 Lothrop St, Detroit, MI, 48206 earns from $1,793/mo rent with a $3,790/mo payment. Total monthly income totals $1,793/mo. ROI tracks 4.45% on current figures, and rental yield reads 2.78% at a $774,300 purchase. Equity gained on principal adds $4,996/yr, and 5% annual appreciation supports $213,925 over five years. Five-year ROI reaches 20.46% and total cumulative return in cash sums $52,131. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,793/mo property income instead of your personal income.
Single Family
Built in 1919
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48206, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,407 (100%) |
| Owner Occupied HU | 3,307 (31.8%) |
| Renter Occupied HU | 3,557 (34.2%) |
| Vacant Housing Units | 3,543 (34.0%) |
| Median Home Value | $151,731 |
| Average Home Value | $209,283 |
Housing Distribution
Address Breakdown
Residential
7,309
Single Family
6,362
Multi-Family
947
Businesses
167
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