3998 15th StDetroitMI48208
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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 3998 15th St, Detroit, MI, 48208 earns from $1,906/mo rent with a $1,958/mo payment. Total monthly income totals $1,906/mo. ROI tracks 13.28% on current figures, and rental yield reads 5.72% at a $399,999 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,512 over five years. Five-year ROI reaches 67.84% and total cumulative return in cash sums $89,955. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,906/mo property income instead of your personal income.
Multi Family
Built in 1912
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48208, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,108 (100%) |
| Owner Occupied HU | 952 (23.2%) |
| Renter Occupied HU | 2,225 (54.2%) |
| Vacant Housing Units | 931 (22.7%) |
| Median Home Value | $209,073 |
| Average Home Value | $224,176 |
Housing Distribution
Address Breakdown
Residential
3,837
Single Family
2,406
Multi-Family
1,431
Businesses
262
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