710 Virginia Park StDetroitMI48202
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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 710 Virginia Park St, Detroit, MI, 48202 offers $1,991/mo rent that, after a $2,785/mo payment. Total monthly income is $1,991/mo. Return on cash invested measures 8.77% in year one, and rental yield stands at 4.2% at a $569,000 entry. Equity gained on principal adds $3,672/yr while 5% annual appreciation compounds into $157,204 by year five. Five-year ROI records 43.61% and total cumulative return in cash reaches $81,647. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,991/mo property income versus a $2,785/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1911
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48202, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,134 (100%) |
| Owner Occupied HU | 2,253 (20.2%) |
| Renter Occupied HU | 6,556 (58.9%) |
| Vacant Housing Units | 2,325 (20.9%) |
| Median Home Value | $260,755 |
| Average Home Value | $317,030 |
Housing Distribution
Address Breakdown
Residential
8,614
Single Family
4,239
Multi-Family
4,375
Businesses
886
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