5216 Avery St #9DetroitMI48208
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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 5216 Avery St #9, Detroit, MI, 48208 uses $131,606 cash to close to unlock $3,301/yr annual cash flow and $275/mo monthly cash flow. Total monthly income runs $2,893/mo, and a $1,943/mo payment keeps the spread at $275/mo. Purchase price stands at $397,000, and rental yield measures 8.74% with $2,893/mo rent. Return on cash invested shows 22.42% in year one, and 5% annual appreciation builds toward $109,684 over five years. Five-year ROI reaches 116.86% and total cumulative return in cash records $153,790. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,893/mo property income covering a $1,943/mo payment rather than investor’s personal income.
Condo
Built in 2025
N/A 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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