289 Newport StDetroitMI48215
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 289 Newport St, Detroit, MI, 48215 priced at $212,500 pairs $2,303/mo rent with $902/mo cash flow after a $1,040/mo payment. Total monthly income equals $2,303/mo, and annual cash flow comes to $10,821/yr on $70,444 invested. Return on cash invested is 35.27% in year one, and rental yield stands at 13.01% on a $212,500 basis. Equity gained on principal adds $1,371/yr, and 5% annual appreciation accumulates to $58,710 by year five. Five-year ROI measures 185.76% and total cumulative return in cash reaches $130,856. For financing, Ziffy Mortgage’s DSCR program evaluates $2,303/mo property income against a $1,040/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48215, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,751 (100%) |
| Owner Occupied HU | 2,281 (39.7%) |
| Renter Occupied HU | 2,285 (39.7%) |
| Vacant Housing Units | 1,185 (20.6%) |
| Median Home Value | $159,707 |
| Average Home Value | $228,680 |
Housing Distribution
Address Breakdown
Residential
4,728
Single Family
3,996
Multi-Family
732
Businesses
301
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