78 Watson St APT 16DetroitMI48201
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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 78 Watson St APT 16, Detroit, MI, 48201 listed at $364,900 pairs $2,405/mo rent with a $1,786/mo payment. Total monthly income runs $2,405/mo. Return on cash invested measures 15.86% in year one, and rental yield registers 7.91% at a $364,900 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,815 by year five. Five-year ROI tracks 83.11% and total cumulative return in cash totals $100,536. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,405/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1912
N/A lot
$N/A/sqft
$407 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48201, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,968 (100%) |
| Owner Occupied HU | 778 ( 7.1%) |
| Renter Occupied HU | 7,994 (72.9%) |
| Vacant Housing Units | 2,196 (20.0%) |
| Median Home Value | $439,119 |
| Average Home Value | $495,726 |
Housing Distribution
Address Breakdown
Residential
9,162
Single Family
2,532
Multi-Family
6,630
Businesses
586
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Listed by: Richard Perry • KW Domain
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20251036973
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 2025-09-17 07:48:23 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702