2923 Pasadena St, Detroit, MI, 48238 | $285/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
910 sft

18827 Woodside St, Harper Woods, MI, 48225

3 Bed
2 Bath
1270 sft

8360 Freda St, Detroit, MI, 48204

3 Bed
1 Bath
1748 sft

20210 Winthrop St, Detroit, MI, 48235

3 Bed
2 Bath
1447 sft

13265 Geoffry Dr, Warren, MI, 48088

Nearby investment properties with comparable prices

3 Bed
2 Bath
1451 sft

20885 Westview Ave, Ferndale, MI, 48220

3 Bed
2 Bath
2200 sft

29497 Bridge St, Garden City, MI, 48135

5 Bed
2 Bath
1475 sft

289 Newport St, Detroit, MI, 48215

3 Bed
1 Bath
1436 sft

29328 Howard Ave, Madison Heights, MI, 48071

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Detroit at 2923 Pasadena St, Detroit, MI, 48238 uses $82,875 cash to close to unlock $3,420/yr annual cash flow and $285/mo monthly cash flow. Total monthly income runs $1,934/mo, and a $1,224/mo payment keeps the spread at $285/mo. Purchase price stands at $250,000, and rental yield measures 9.28% with $1,934/mo rent. Return on cash invested shows 24.04% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 125.49% and total cumulative return in cash records $104,002. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,934/mo property income covering a $1,224/mo payment rather than investor’s personal income.

Single Family

Built in 1924

3,920 sqft lot

$N/A/sqft

No HOA