505 Fiske DrDetroitMI48214
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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 505 Fiske Dr, Detroit, MI, 48214 with 5% annual appreciation on a $144,200 basis while $2,266/mo rent supports operations. Total monthly income totals $2,266/mo and a $706/mo payment preserves $1,315/mo for cash returns. Annual cash flow comes to $15,778/yr on $47,802 deployed, and return on cash invested reaches 52.92% in year one. Equity gained on principal adds $931/yr, and five-year appreciation sums $39,840 alongside rental yield of 18.86%. Five-year ROI measures 280.35% and total cumulative return in cash totals $134,013.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,266/mo property income versus a $706/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1926
9,321 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48214, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,605 (100%) |
| Owner Occupied HU | 3,843 (30.5%) |
| Renter Occupied HU | 6,314 (50.1%) |
| Vacant Housing Units | 2,448 (19.4%) |
| Median Home Value | $116,792 |
| Average Home Value | $223,730 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
5,086
Multi-Family
3,947
Businesses
400
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