8200 E Jefferson Ave APT 1012DetroitMI48214
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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 8200 E Jefferson Ave APT 1012, Detroit, MI, 48214 uses $42,101 cash to close to unlock $1,681/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $978/mo, and a $622/mo payment keeps the spread at $140/mo. Purchase price stands at $127,000, and rental yield measures 9.24% with $978/mo rent. Return on cash invested shows 23.9% in year one, and 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 124.89% and total cumulative return in cash records $52,581. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $978/mo property income covering a $622/mo payment rather than investor’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48214, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,605 (100%) |
| Owner Occupied HU | 3,843 (30.5%) |
| Renter Occupied HU | 6,314 (50.1%) |
| Vacant Housing Units | 2,448 (19.4%) |
| Median Home Value | $116,792 |
| Average Home Value | $223,730 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
5,086
Multi-Family
3,947
Businesses
400
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