8020 3rd St #22DetroitMI48202
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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 8020 3rd St #22, Detroit, MI, 48202 generates $1,679/mo in rent and, after a $1,160/mo payment, leaves $116/mo in cash flow. Total monthly income is $1,679/mo, and annual cash flow is $1,393/yr on $78,566 invested. Return on cash invested sits at 21.68% in year one, and rental yield is 8.5% on a $237,000 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation builds toward $65,479 over five years. Five-year ROI reaches 112.96% and total cumulative return in cash sums $88,748. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,679/mo property income rather than buyer’s personal income.
Townhouse
Built in 1920
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
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