3439 Seminole StDetroitMI48214
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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 3439 Seminole St, Detroit, MI, 48214 generates $3,707/mo in rent and, after a $1,573/mo payment, leaves $1,588/mo in cash flow. Total monthly income is $3,707/mo, and annual cash flow is $19,051/yr on $106,544 invested. Return on cash invested sits at 37.79% in year one, and rental yield is 13.84% on a $321,400 entry. Equity gained on principal adds $2,074/yr, while 5% annual appreciation builds toward $88,797 over five years. Five-year ROI reaches 199.27% and total cumulative return in cash sums $212,315. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,707/mo property income rather than buyer’s personal income.
Single Family
Built in 1916
8,712 sqft lot
$N/A/sqft
No 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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