6816 Piedmont StDetroitMI48228
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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 6816 Piedmont St, Detroit, MI, 48228 priced at $174,900 pairs $1,598/mo rent with $445/mo cash flow after a $856/mo payment. Total monthly income equals $1,598/mo, and annual cash flow comes to $5,336/yr on $57,979 invested. Return on cash invested is 29.11% in year one, and rental yield stands at 10.96% on a $174,900 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,322 by year five. Five-year ROI measures 152.76% and total cumulative return in cash reaches $88,572. For financing, Ziffy Mortgage’s DSCR program evaluates $1,598/mo property income against a $856/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
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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