3034 Gray StDetroitMI48215
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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
Rental property for sale in Detroit at 3034 Gray St, Detroit, MI, 48215 generates $1,148/mo in rent and, after a $734/mo payment, leaves $159/mo in cash flow. Total monthly income is $1,148/mo, and annual cash flow is $1,908/yr on $49,725 invested. Return on cash invested sits at 23.75% in year one, and rental yield is 9.18% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 123.93% and total cumulative return in cash sums $61,626. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,148/mo property income rather than buyer’s personal income.
Multi Family
Built in 1922
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48215, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,751 (100%) |
| Owner Occupied HU | 2,281 (39.7%) |
| Renter Occupied HU | 2,285 (39.7%) |
| Vacant Housing Units | 1,185 (20.6%) |
| Median Home Value | $159,707 |
| Average Home Value | $228,680 |
Housing Distribution
Address Breakdown
Residential
4,728
Single Family
3,996
Multi-Family
732
Businesses
301
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