3742 W Grand St,Detroit,MI,48238

Investment Highlights

Rental property for sale in Detroit at 3742 W Grand St, Detroit, MI, 48238 generates $1,584/mo in rent and, after a $764/mo payment, leaves $555/mo in cash flow. Total monthly income is $1,584/mo, and annual cash flow is $6,658/yr on $51,714 invested. Return on cash invested sits at 32.78% in year one, and rental yield is 12.18% on a $156,000 entry. Equity gained on principal adds $1,007/yr, while 5% annual appreciation builds toward $43,100 over five years. Five-year ROI reaches 172.42% and total cumulative return in cash sums $89,166. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,584/mo property income rather than buyer’s personal income.