5425 Florida StDetroitMI48210
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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 5425 Florida St, Detroit, MI, 48210 uses $39,780 cash to close to unlock $5,472/yr annual cash flow and $456/mo monthly cash flow. Total monthly income runs $1,247/mo, and a $587/mo payment keeps the spread at $456/mo. Purchase price stands at $120,000, and rental yield measures 12.47% with $1,247/mo rent. Return on cash invested shows 33.66% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 177.15% and total cumulative return in cash records $70,471. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,247/mo property income covering a $587/mo payment rather than investor’s personal income.
Multi Family
Built in 1915
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48210, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,129 (100%) |
| Owner Occupied HU | 4,783 (47.2%) |
| Renter Occupied HU | 3,329 (32.9%) |
| Vacant Housing Units | 2,017 (19.9%) |
| Median Home Value | $63,473 |
| Average Home Value | $120,444 |
Housing Distribution
Address Breakdown
Residential
8,292
Single Family
8,051
Multi-Family
241
Businesses
504
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