7406 Edward StDetroitMI48210
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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 7406 Edward St, Detroit, MI, 48210 priced at $139,900 converts $1,447/mo rent into $524/mo cash flow after a $685/mo obligation. Total monthly income equals $1,447/mo, and annual cash flow totals $6,290/yr on $46,377 invested. Return on cash invested prints 33.47% in year one, and rental yield reads 12.41% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 176.19% and total cumulative return in cash sums $81,711. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,447/mo property income covering a $685/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
3,049 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
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Listed by: Lindsay L Gorman • Nika & Co
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250017275
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-03-17 03:09:12 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702