3280 Montgomery StDetroitMI48206
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
Rental property for sale in Detroit at 3280 Montgomery St, Detroit, MI, 48206 priced at $152,500 pairs $1,968/mo rent with $963/mo cash flow after a $746/mo payment. Total monthly income equals $1,968/mo, and annual cash flow comes to $11,553/yr on $50,554 invested. Return on cash invested is 42.76% in year one, and rental yield stands at 15.49% on a $152,500 basis. Equity gained on principal adds $984/yr, and 5% annual appreciation accumulates to $42,133 by year five. Five-year ROI measures 225.93% and total cumulative return in cash reaches $114,215. For financing, Ziffy Mortgage’s DSCR program evaluates $1,968/mo property income against a $746/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1914
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48206, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,407 (100%) |
| Owner Occupied HU | 3,307 (31.8%) |
| Renter Occupied HU | 3,557 (34.2%) |
| Vacant Housing Units | 3,543 (34.0%) |
| Median Home Value | $151,731 |
| Average Home Value | $209,283 |
Housing Distribution
Address Breakdown
Residential
7,309
Single Family
6,362
Multi-Family
947
Businesses
167
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Nearby investment properties with comparable prices
Listed by: Robert Agnello • RE/MAX First
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20251004972
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-10-15 23:18:22 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702