3820 Glendale St,Detroit,MI,48238

Investment Highlights

Investment property for sale in Detroit at 3820 Glendale St, Detroit, MI, 48238 listed at $220,500 pairs $1,780/mo rent with a $1,079/mo payment to leave $326/mo cash flow. Total monthly income runs $1,780/mo, and annual cash flow reaches $3,914/yr on $73,096 cash to close. Return on cash invested measures 25.26% in year one, and rental yield registers 9.69% at a $220,500 basis. Equity gained on principal adds $1,423/yr, and annual property appreciation at 5% supports $60,920 by year five. Five-year ROI tracks 132.16% and total cumulative return in cash totals $96,600. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,780/mo property income relative to a $1,079/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).