3015 Iroquois StDetroitMI48214
Nearby investment properties with comparable rents
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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 3015 Iroquois St, Detroit, MI, 48214 uses $223,687 cash to close to unlock $2,979/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $4,745/mo, and a $3,328/mo payment keeps the spread at $248/mo. Purchase price stands at $679,900, and rental yield measures 8.37% with $4,745/mo rent. Return on cash invested shows 21.39% in year one, and 5% annual appreciation builds toward $187,844 over five years. Five-year ROI reaches 111.33% and total cumulative return in cash records $249,041. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,745/mo property income covering a $3,328/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.27 Acres lot
$N/A/sqft
$155 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48214, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,605 (100%) |
| Owner Occupied HU | 3,843 (30.5%) |
| Renter Occupied HU | 6,314 (50.1%) |
| Vacant Housing Units | 2,448 (19.4%) |
| Median Home Value | $116,792 |
| Average Home Value | $223,730 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
5,086
Multi-Family
3,947
Businesses
400
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