443 W Hancock StDetroitMI48201
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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 443 W Hancock St, Detroit, MI, 48201 at $435,000 posts ROI 21.16% with $151/mo cash flow from $3,019/mo rent. Total monthly income equals $3,019/mo, and annual cash flow records $1,806/yr on $144,203 to close. Return on cash invested measures 21.16% and rental yield reads 8.33% at the current $435,000. Equity gained on principal adds $2,807/yr, and 5% annual appreciation supports $120,182 by year five. Five-year ROI prints 110.1% and total cumulative return in cash totals $158,760.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,019/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48201, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,968 (100%) |
| Owner Occupied HU | 778 ( 7.1%) |
| Renter Occupied HU | 7,994 (72.9%) |
| Vacant Housing Units | 2,196 (20.0%) |
| Median Home Value | $439,119 |
| Average Home Value | $495,726 |
Housing Distribution
Address Breakdown
Residential
9,162
Single Family
2,532
Multi-Family
6,630
Businesses
586
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