5305 Newport StDetroitMI48213
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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
Rental property for sale in Detroit at 5305 Newport St, Detroit, MI, 48213 generates $1,286/mo in rent and, after a $832/mo payment, leaves $165/mo in cash flow. Total monthly income is $1,286/mo, and annual cash flow is $1,982/yr on $56,322 invested. Return on cash invested sits at 23.43% in year one, and rental yield is 9.08% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 122.34% and total cumulative return in cash sums $68,906. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,286/mo property income rather than buyer’s personal income.
Multi Family
Built in 1929
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48213, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,567 (100%) |
| Owner Occupied HU | 4,184 (43.7%) |
| Renter Occupied HU | 3,253 (34.0%) |
| Vacant Housing Units | 2,130 (22.3%) |
| Median Home Value | $56,098 |
| Average Home Value | $106,616 |
Housing Distribution
Address Breakdown
Residential
7,726
Single Family
7,316
Multi-Family
410
Businesses
517
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