3080 Oakman Blvd,Detroit,MI,48238

Investment Highlights

Investment property for sale in Detroit at 3080 Oakman Blvd, Detroit, MI, 48238 listed at $284,900 pairs $2,364/mo rent with a $1,394/mo payment to leave $486/mo cash flow. Total monthly income runs $2,364/mo, and annual cash flow reaches $5,828/yr on $94,444 cash to close. Return on cash invested measures 26.08% in year one, and rental yield registers 9.96% at a $284,900 basis. Equity gained on principal adds $1,838/yr, and annual property appreciation at 5% supports $78,713 by year five. Five-year ROI tracks 136.47% and total cumulative return in cash totals $128,891. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,364/mo property income relative to a $1,394/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).