3673 Seyburn 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 3673 Seyburn St, Detroit, MI, 48214 generates $1,202/mo in rent and, after a $582/mo payment, leaves $418/mo in cash flow. Total monthly income is $1,202/mo, and annual cash flow is $5,012/yr on $39,449 invested. Return on cash invested sits at 32.62% in year one, and rental yield is 12.12% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 171.55% and total cumulative return in cash sums $67,673. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,202/mo property income rather than buyer’s personal income.
Multi Family
Built in 1912
5,662 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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