7341 Heyden 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 7341 Heyden St, Detroit, MI, 48228 generates $947/mo in rent and, after a $587/mo payment, leaves $156/mo in cash flow. Total monthly income is $947/mo, and annual cash flow is $1,872/yr on $39,780 invested. Return on cash invested sits at 24.61% in year one, and rental yield is 9.47% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 128.59% and total cumulative return in cash sums $51,151. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $947/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
4,356 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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