2431 Pingree StDetroitMI48206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2431 Pingree St, Detroit, MI, 48206 priced at $220,000 pairs $1,881/mo rent with $430/mo cash flow after a $1,077/mo payment. Total monthly income equals $1,881/mo, and annual cash flow comes to $5,160/yr on $72,930 invested. Return on cash invested is 26.98% in year one, and rental yield stands at 10.26% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 141.29% and total cumulative return in cash reaches $103,043. For financing, Ziffy Mortgage’s DSCR program evaluates $1,881/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1923
5,662 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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