8247 Ellsworth St,Detroit,MI,48238

Investment Highlights

Investment property for sale in Detroit at 8247 Ellsworth St, Detroit, MI, 48238 listed at $149,999 pairs $1,172/mo rent with a $734/mo payment to leave $183/mo cash flow. Total monthly income runs $1,172/mo, and annual cash flow reaches $2,196/yr on $49,725 cash to close. Return on cash invested measures 24.33% in year one, and rental yield registers 9.38% at a $149,999 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 127.02% and total cumulative return in cash totals $63,162. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,172/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).