3637 Bagley StDetroitMI48216
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
Investment property for sale in Detroit at 3637 Bagley St, Detroit, MI, 48216 at $384,900 posts ROI 23.42% with $374/mo cash flow from $2,912/mo rent. Total monthly income equals $2,912/mo, and annual cash flow records $4,484/yr on $127,594 to close. Return on cash invested measures 23.42% and rental yield reads 9.08% at the current $384,900. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,341 by year five. Five-year ROI prints 122.23% and total cumulative return in cash totals $155,955.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,912/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1903
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48216, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,611 (100%) |
| Owner Occupied HU | 1,001 (27.7%) |
| Renter Occupied HU | 1,784 (49.4%) |
| Vacant Housing Units | 826 (22.9%) |
| Median Home Value | $241,667 |
| Average Home Value | $294,176 |
Housing Distribution
Address Breakdown
Residential
2,835
Single Family
1,751
Multi-Family
1,084
Businesses
419
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
