3610 Three Mile DrDetroitMI48224
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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 3610 Three Mile Dr, Detroit, MI, 48224 listed at $170,000 pairs $1,326/mo rent with a $832/mo payment to leave $205/mo cash flow. Total monthly income runs $1,326/mo, and annual cash flow reaches $2,460/yr on $56,355 cash to close. Return on cash invested measures 24.27% in year one, and rental yield registers 9.36% at a $170,000 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,968 by year five. Five-year ROI tracks 126.76% and total cumulative return in cash totals $71,433. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,326/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1927
4,792 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48224, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,694 (100%) |
| Owner Occupied HU | 8,149 (48.8%) |
| Renter Occupied HU | 6,022 (36.1%) |
| Vacant Housing Units | 2,523 (15.1%) |
| Median Home Value | $88,052 |
| Average Home Value | $142,625 |
Housing Distribution
Address Breakdown
Residential
14,750
Single Family
14,168
Multi-Family
582
Businesses
676
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