2480 Calvert 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 2480 Calvert St, Detroit, MI, 48206 priced at $120,000 converts $2,884/mo rent into $2,093/mo cash flow after a $587/mo obligation. Total monthly income equals $2,884/mo, and annual cash flow totals $25,116/yr on $39,780 invested. Return on cash invested prints 83.05% in year one, and rental yield reads 28.84% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 441.92% and total cumulative return in cash sums $175,795. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,884/mo property income covering a $587/mo payment, not borrower’s personal income.
Multi Family
Built in 1924
4,791 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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Listed by: Keelie Aldridge • Elite Real Estate Professionals, Inc.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50175777
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