6222 Faust AveDetroitMI48228
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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 6222 Faust Ave, Detroit, MI, 48228 offers a 9.29% rental yield on a $149,900 purchase with $1,160/mo rent. Total monthly income registers $1,160/mo, and a $734/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,054/yr on $49,692 to close, and return on cash invested stands at 24.04% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 125.64% and total cumulative return in cash at $62,435. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,160/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48228, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,274 (100%) |
| Owner Occupied HU | 9,640 (43.3%) |
| Renter Occupied HU | 9,525 (42.8%) |
| Vacant Housing Units | 3,109 (14.0%) |
| Median Home Value | $61,280 |
| Average Home Value | $129,795 |
Housing Distribution
Address Breakdown
Residential
19,964
Single Family
18,566
Multi-Family
1,398
Businesses
945
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