3828 Bishop StDetroitMI48224
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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
Investment property for sale in Detroit at 3828 Bishop St, Detroit, MI, 48224 earns $283/mo cash flow from $1,853/mo rent with a $1,165/mo payment. Total monthly income totals $1,853/mo, and annual cash flow totals $3,401/yr on $78,897 capital. ROI tracks 24.22% on current figures, and rental yield reads 9.34% at a $238,000 purchase. Equity gained on principal adds $1,536/yr, and 5% annual appreciation supports $65,755 over five years. Five-year ROI reaches 126.51% and total cumulative return in cash sums $99,814. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,853/mo property income instead of your personal income.
Single Family
Built in 1940
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48224, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,694 (100%) |
| Owner Occupied HU | 8,149 (48.8%) |
| Renter Occupied HU | 6,022 (36.1%) |
| Vacant Housing Units | 2,523 (15.1%) |
| Median Home Value | $88,052 |
| Average Home Value | $142,625 |
Housing Distribution
Address Breakdown
Residential
14,750
Single Family
14,168
Multi-Family
582
Businesses
676
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