291 Edmund PlDetroitMI48201
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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 291 Edmund Pl, Detroit, MI, 48201 listed at $364,800 pairs $2,506/mo rent with a $1,786/mo payment to leave $100/mo cash flow. Total monthly income runs $2,506/mo, and annual cash flow reaches $1,198/yr on $120,931 cash to close. Return on cash invested measures 20.9% in year one, and rental yield registers 8.24% at a $364,800 basis. Equity gained on principal adds $2,354/yr, and annual property appreciation at 5% supports $100,788 by year five. Five-year ROI tracks 108.68% and total cumulative return in cash totals $131,428. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,506/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1892
7,492 sqft 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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