2987 Franklin St #5-2DDetroitMI48207
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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 2987 Franklin St #5-2D, Detroit, MI, 48207 listed at $258,700 pairs $0/mo rent with a $1,266/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -3.96% in year one, and rental yield registers 0% at a $258,700 basis. Equity gained on principal adds $1,669/yr, and annual property appreciation at 5% supports $71,474 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,266/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48207, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,089 (100%) |
| Owner Occupied HU | 3,076 (21.8%) |
| Renter Occupied HU | 9,104 (64.6%) |
| Vacant Housing Units | 1,909 (13.5%) |
| Median Home Value | $217,828 |
| Average Home Value | $232,766 |
Housing Distribution
Address Breakdown
Residential
11,293
Single Family
5,243
Multi-Family
6,050
Businesses
1,011
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