820 S Westend StDetroitMI48209
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
Investment property for sale in Detroit at 820 S Westend St, Detroit, MI, 48209 uses $82,875 cash to close to unlock $11,748/yr annual cash flow and $979/mo monthly cash flow. Total monthly income runs $2,628/mo, and a $1,224/mo payment keeps the spread at $979/mo. Purchase price stands at $250,000, and rental yield measures 12.61% with $2,628/mo rent. Return on cash invested shows 34.08% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 179.39% and total cumulative return in cash records $148,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,628/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Multi Family
Built in 1913
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48209, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,028 (100%) |
| Owner Occupied HU | 4,559 (45.5%) |
| Renter Occupied HU | 3,875 (38.6%) |
| Vacant Housing Units | 1,594 (15.9%) |
| Median Home Value | $97,165 |
| Average Home Value | $179,052 |
Housing Distribution
Address Breakdown
Residential
8,479
Single Family
7,568
Multi-Family
911
Businesses
573
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices