3682 Field 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 3682 Field St, Detroit, MI, 48214 priced at $139,200 converts $1,198/mo rent into $280/mo cash flow after a $681/mo obligation. Total monthly income equals $1,198/mo, and annual cash flow totals $3,364/yr on $46,145 invested. Return on cash invested prints 27.2% in year one, and rental yield reads 10.33% against a $139,200 entry. Equity gained on principal adds $898/yr, while 5% annual appreciation compiles into $38,458 by year five. Five-year ROI reaches 142.53% and total cumulative return in cash sums $65,771. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,198/mo property income covering a $681/mo payment, not borrower’s personal income.
Apartment
Built in 1910
3,484 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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