7319 Wykes StDetroitMI48210
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 7319 Wykes St, Detroit, MI, 48210 earns $293/mo cash flow from $1,282/mo rent with a $734/mo payment. Total monthly income totals $1,282/mo, and annual cash flow totals $3,518/yr on $49,692 capital. ROI tracks 26.99% on current figures, and rental yield reads 10.26% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 141.41% and total cumulative return in cash sums $70,271. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,282/mo property income instead of your personal income.
Multi Family
Built in 1924
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48210, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,129 (100%) |
| Owner Occupied HU | 4,783 (47.2%) |
| Renter Occupied HU | 3,329 (32.9%) |
| Vacant Housing Units | 2,017 (19.9%) |
| Median Home Value | $63,473 |
| Average Home Value | $120,444 |
Housing Distribution
Address Breakdown
Residential
8,292
Single Family
8,051
Multi-Family
241
Businesses
504
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices