2530 Fullerton StDetroitMI48238
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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 2530 Fullerton St, Detroit, MI, 48238 uses $38,123 cash to close to unlock $1,806/yr annual cash flow and $151/mo monthly cash flow. Total monthly income runs $909/mo, and a $563/mo payment keeps the spread at $151/mo. Purchase price stands at $115,000, and rental yield measures 9.49% with $909/mo rent. Return on cash invested shows 24.65% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 128.86% and total cumulative return in cash records $49,125. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $909/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1922
4,356 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices