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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Get DSCR Mortgage Rate Quote
$1,400,000
4 bds2 ba2492sqft
3920 Devonshire RdDetroitMI48224
1.04%
Gross Yield
-0.83%
ROI
$1,218/m
Est. Rent
$0
Total Investment
$0
Down Payment
$0
Closing Costs
For Sale
Fix & Flip
Listed for sale 4 days ago
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NMLS #2625701
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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
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Investment Highlights
Total monthly income runs $1,218/mo, and a $6,852/mo payment. Purchase price stands at $1,400,000, and rental yield measures 1.04% with $1,218/mo rent. Return on cash invested shows -0.83% in year one, and 5% annual appreciation builds toward $386,794 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,218/mo property income covering a $6,852/mo payment rather than investor’s personal income.
Multi Family
Built in 1928
4,791 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Powered by
Ziffy Mortgage
NMLS #2625701
Get Pre-Approved