7721 Woodward Ave #63DetroitMI48202
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 $2,078/mo, and a $1,908/mo payment. Purchase price stands at $389,900, and rental yield measures 6.4% with $2,078/mo rent. Return on cash invested shows 15.33% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 78.87% and total cumulative return in cash records $101,941. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,078/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Townhouse
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48202, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,134 (100%) |
| Owner Occupied HU | 2,253 (20.2%) |
| Renter Occupied HU | 6,556 (58.9%) |
| Vacant Housing Units | 2,325 (20.9%) |
| Median Home Value | $260,755 |
| Average Home Value | $317,030 |
Housing Distribution
Address Breakdown
Residential
8,614
Single Family
4,239
Multi-Family
4,375
Businesses
886
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices