3510 Oakman BlvdDetroitMI48204
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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
Investment property for sale in Detroit at 3510 Oakman Blvd, Detroit, MI, 48204 uses $76,245 cash to close to unlock $3,108/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $1,776/mo, and a $1,126/mo payment keeps the spread at $259/mo. Purchase price stands at $230,000, and rental yield measures 9.27% with $1,776/mo rent. Return on cash invested shows 23.99% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 125.21% and total cumulative return in cash records $95,467. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,776/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1937
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48204, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,759 (100%) |
| Owner Occupied HU | 4,904 (38.4%) |
| Renter Occupied HU | 4,240 (33.2%) |
| Vacant Housing Units | 3,615 (28.3%) |
| Median Home Value | $60,701 |
| Average Home Value | $127,041 |
Housing Distribution
Address Breakdown
Residential
9,625
Single Family
8,888
Multi-Family
737
Businesses
498
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