2463 Ford St, Detroit, MI, 48238 | 7.56% Rental Yield

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Detroit at 2463 Ford St, Detroit, MI, 48238 offers a 7.56% rental yield on a $224,000 purchase with $1,412/mo rent. 86% in year one. Equity gained on principal adds $1,445/yr while 5% annual appreciation supports $61,887 over five years. Portfolio math shows five-year ROI at 97.81% and total cumulative return in cash at $72,631. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,412/mo property income against a $1,096/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1925

3,484 sqft lot

$N/A/sqft

No HOA