7634 W Seven Mile RdDetroitMI48221
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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
Investment property for sale in Detroit at 7634 W Seven Mile Rd, Detroit, MI, 48221 with 5% annual appreciation on a $116,300 basis while $1,643/mo rent supports operations. Total monthly income totals $1,643/mo and a $569/mo payment preserves $876/mo for cash returns. Annual cash flow comes to $10,515/yr on $38,553 deployed, and return on cash invested reaches 47.18% in year one. Equity gained on principal adds $750/yr, and five-year appreciation sums $32,132 alongside rental yield of 16.95%. Five-year ROI measures 249.75% and total cumulative return in cash totals $96,285.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,643/mo property income versus a $569/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1935
3,963 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48221, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,884 (100%) |
| Owner Occupied HU | 9,442 (55.9%) |
| Renter Occupied HU | 5,410 (32.0%) |
| Vacant Housing Units | 2,032 (12.0%) |
| Median Home Value | $172,950 |
| Average Home Value | $218,945 |
Housing Distribution
Address Breakdown
Residential
14,905
Single Family
14,062
Multi-Family
843
Businesses
888
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