5590 Springfield 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
Investment property for sale in Detroit at 5590 Springfield St, Detroit, MI, 48213 earns $193/mo cash flow from $1,175/mo rent with a $729/mo payment. Total monthly income totals $1,175/mo, and annual cash flow totals $2,312/yr on $49,394 capital. ROI tracks 24.59% on current figures, and rental yield reads 9.46% at a $149,000 purchase. Equity gained on principal adds $961/yr, and 5% annual appreciation supports $41,166 over five years. Five-year ROI reaches 128.5% and total cumulative return in cash sums $63,472. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,175/mo property income instead of your personal income.
Single Family
Built in 1922
3,484 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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