8068 Patton StDetroitMI48228
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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 8068 Patton St, Detroit, MI, 48228 uses $48,068 cash to close to unlock $1,998/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $1,123/mo, and a $710/mo payment keeps the spread at $167/mo. Purchase price stands at $145,000, and rental yield measures 9.29% with $1,123/mo rent. Return on cash invested shows 24.07% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 125.72% and total cumulative return in cash records $60,428. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,123/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1950
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48228, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,274 (100%) |
| Owner Occupied HU | 9,640 (43.3%) |
| Renter Occupied HU | 9,525 (42.8%) |
| Vacant Housing Units | 3,109 (14.0%) |
| Median Home Value | $61,280 |
| Average Home Value | $129,795 |
Housing Distribution
Address Breakdown
Residential
19,964
Single Family
18,566
Multi-Family
1,398
Businesses
945
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