5527 Chalmers 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 5527 Chalmers St, Detroit, MI, 48213 priced at $140,000 pairs $1,460/mo rent with $537/mo cash flow after a $685/mo payment. Total monthly income equals $1,460/mo, and annual cash flow comes to $6,444/yr on $46,410 invested. Return on cash invested is 33.79% in year one, and rental yield stands at 12.51% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. Five-year ROI measures 177.81% and total cumulative return in cash reaches $82,522. For financing, Ziffy Mortgage’s DSCR program evaluates $1,460/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1927
6,098 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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