3057 Jacob StHamtramckMI48212
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hamtramck at 3057 Jacob St, Hamtramck, MI, 48212 earns from $1,241/mo rent with a $1,566/mo payment. Total monthly income totals $1,241/mo. ROI tracks 10.08% on current figures, and rental yield reads 4.65% at a $320,000 purchase. Equity gained on principal adds $2,065/yr, and 5% annual appreciation supports $88,410 over five years. Five-year ROI reaches 50.64% and total cumulative return in cash sums $53,715. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,241/mo property income instead of your personal income.
Multi Family
Built in 1920
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48212, Hamtramck, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,070 (100%) |
| Owner Occupied HU | 7,245 (51.5%) |
| Renter Occupied HU | 5,428 (38.6%) |
| Vacant Housing Units | 1,397 ( 9.9%) |
| Median Home Value | $120,746 |
| Average Home Value | $179,760 |
Housing Distribution
Address Breakdown
Residential
12,551
Single Family
12,311
Multi-Family
240
Businesses
1,032
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices