2801 16th StDetroitMI48216
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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 2801 16th St, Detroit, MI, 48216 earns $75/mo cash flow from $1,565/mo rent with a $1,106/mo payment. Total monthly income totals $1,565/mo, and annual cash flow totals $898/yr on $74,919 capital. ROI tracks 21.11% on current figures, and rental yield reads 8.31% at a $226,000 purchase. Equity gained on principal adds $1,458/yr, and 5% annual appreciation supports $62,440 over five years. Five-year ROI reaches 109.8% and total cumulative return in cash sums $82,259. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,565/mo property income instead of your personal income.
Single Family
Built in 2024
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48216, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,611 (100%) |
| Owner Occupied HU | 1,001 (27.7%) |
| Renter Occupied HU | 1,784 (49.4%) |
| Vacant Housing Units | 826 (22.9%) |
| Median Home Value | $241,667 |
| Average Home Value | $294,176 |
Housing Distribution
Address Breakdown
Residential
2,835
Single Family
1,751
Multi-Family
1,084
Businesses
419
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