2907 Glendale 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
Rental property for sale in Detroit at 2907 Glendale St, Detroit, MI, 48238 offers $1,187/mo rent that, after a $5,873/mo payment. Total monthly income is $1,187/mo. Return on cash invested measures -0.39% in year one, and rental yield stands at 1.19% at a $1,200,000 entry. Equity gained on principal adds $7,743/yr while 5% annual appreciation compounds into $331,538 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,187/mo property income versus a $5,873/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
1,306 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Shenitha Raines • Downtown Realty
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250008555
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-02-15 18:55:54 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702