248 Alfred StDetroitMI48201
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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 248 Alfred St, Detroit, MI, 48201 offers a 6.76% rental yield on a $1,042,300 purchase with $5,869/mo rent. 02% in year one. Equity gained on principal adds $6,726/yr while 5% annual appreciation supports $287,968 over five years. Portfolio math shows five-year ROI at 77.72% and total cumulative return in cash at $262,464. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,869/mo property income against a $5,102/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2019
N/A lot
$N/A/sqft
$501 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48201, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,968 (100%) |
| Owner Occupied HU | 778 ( 7.1%) |
| Renter Occupied HU | 7,994 (72.9%) |
| Vacant Housing Units | 2,196 (20.0%) |
| Median Home Value | $439,119 |
| Average Home Value | $495,726 |
Housing Distribution
Address Breakdown
Residential
9,162
Single Family
2,532
Multi-Family
6,630
Businesses
586
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