2550 W Boston BlvdDetroitMI48206
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
Investment property for sale in Detroit at 2550 W Boston Blvd, Detroit, MI, 48206 uses $106,047 cash to close to unlock $6,086/yr annual cash flow and $507/mo monthly cash flow. Total monthly income runs $2,617/mo, and a $1,566/mo payment keeps the spread at $507/mo. Purchase price stands at $319,900, and rental yield measures 9.82% with $2,617/mo rent. Return on cash invested shows 25.65% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 134.19% and total cumulative return in cash records $142,304. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,617/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1922
8,712 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices