7579 Chrysler DrDetroitMI48211
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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
Total monthly income runs $1,454/mo, and a $1,223/mo payment. Purchase price stands at $249,900, and rental yield measures 6.98% with $1,454/mo rent. Return on cash invested shows 17.1% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 88.36% and total cumulative return in cash records $73,202. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,454/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Multi Family
Built in 1913
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48211, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,350 (100%) |
| Owner Occupied HU | 931 (39.6%) |
| Renter Occupied HU | 851 (36.2%) |
| Vacant Housing Units | 568 (24.2%) |
| Median Home Value | $60,946 |
| Average Home Value | $153,473 |
Housing Distribution
Address Breakdown
Residential
1,944
Single Family
1,816
Multi-Family
128
Businesses
369
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