744 W Grand BlvdDetroitMI48216
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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 744 W Grand Blvd, Detroit, MI, 48216 priced at $260,000 converts $2,240/mo rent into $525/mo cash flow after a $1,273/mo obligation. Total monthly income equals $2,240/mo, and annual cash flow totals $6,300/yr on $86,190 invested. Return on cash invested prints 27.22% in year one, and rental yield reads 10.34% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 142.56% and total cumulative return in cash sums $122,873. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,240/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Multi Family
Built in 1905
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48216, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,611 (100%) |
| Owner Occupied HU | 1,001 (27.7%) |
| Renter Occupied HU | 1,784 (49.4%) |
| Vacant Housing Units | 826 (22.9%) |
| Median Home Value | $241,667 |
| Average Home Value | $294,176 |
Housing Distribution
Address Breakdown
Residential
2,835
Single Family
1,751
Multi-Family
1,084
Businesses
419
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