2919 Fullerton St,Detroit,MI,48238

Investment Highlights

Investment property for sale in Detroit at 2919 Fullerton St, Detroit, MI, 48238 listed at $199,900 pairs $2,185/mo rent with a $978/mo payment to leave $867/mo cash flow. Total monthly income runs $2,185/mo, and annual cash flow reaches $10,406/yr on $66,267 cash to close. Return on cash invested measures 35.61% in year one, and rental yield registers 13.12% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 187.64% and total cumulative return in cash totals $124,345. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,185/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).