2827 John R St #3DetroitMI48201
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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 2827 John R St #3, Detroit, MI, 48201 earns from $4,116/mo rent with a $6,779/mo payment. Total monthly income totals $4,116/mo. ROI tracks 6.95% on current figures, and rental yield reads 3.57% at a $1,385,000 purchase. Equity gained on principal adds $8,937/yr, and 5% annual appreciation supports $382,650 over five years. Five-year ROI reaches 33.81% and total cumulative return in cash sums $151,706. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,116/mo property income instead of your personal income.
Condo
Built in 1890
N/A lot
$N/A/sqft
No 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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