5752 Bishop StDetroitMI48224
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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 5752 Bishop St, Detroit, MI, 48224 with 5% annual appreciation on a $210,700 basis while $1,805/mo rent supports operations. Total monthly income totals $1,805/mo and a $1,031/mo payment preserves $416/mo for cash returns. Annual cash flow comes to $4,990/yr on $69,847 deployed, and return on cash invested reaches 27.05% in year one. Equity gained on principal adds $1,360/yr, and five-year appreciation sums $58,213 alongside rental yield of 10.28%. Five-year ROI measures 141.68% and total cumulative return in cash totals $98,959.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,805/mo property income versus a $1,031/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1939
4,486 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48224, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,694 (100%) |
| Owner Occupied HU | 8,149 (48.8%) |
| Renter Occupied HU | 6,022 (36.1%) |
| Vacant Housing Units | 2,523 (15.1%) |
| Median Home Value | $88,052 |
| Average Home Value | $142,625 |
Housing Distribution
Address Breakdown
Residential
14,750
Single Family
14,168
Multi-Family
582
Businesses
676
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