6235 Piedmont StDetroitMI48228
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6235 Piedmont St, Detroit, MI, 48228 at $127,000 posts ROI 23.56% with $128/mo cash flow from $966/mo rent. Total monthly income equals $966/mo, and annual cash flow records $1,537/yr on $42,101 to close. Return on cash invested measures 23.56% and rental yield reads 9.13% at the current $127,000. Equity gained on principal adds $820/yr, and 5% annual appreciation supports $35,088 by year five. Five-year ROI prints 123.1% and total cumulative return in cash totals $51,825.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $966/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1947
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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Nearby investment properties with comparable prices
