8304 Pinehurst StDetroitMI48204
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 8304 Pinehurst St, Detroit, MI, 48204 offers a 15.34% rental yield on a $123,500 purchase with $1,579/mo rent. Total monthly income registers $1,579/mo, and a $604/mo payment leaves $765/mo available for distribution. Annual cash flow reaches $9,181/yr on $40,940 to close, and return on cash invested stands at 42.33% in year one. Equity gained on principal adds $797/yr while 5% annual appreciation supports $34,121 over five years. Portfolio math shows five-year ROI at 223.74% and total cumulative return in cash at $91,598. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,579/mo property income against a $604/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1933
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48204, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,759 (100%) |
| Owner Occupied HU | 4,904 (38.4%) |
| Renter Occupied HU | 4,240 (33.2%) |
| Vacant Housing Units | 3,615 (28.3%) |
| Median Home Value | $60,701 |
| Average Home Value | $127,041 |
Housing Distribution
Address Breakdown
Residential
9,625
Single Family
8,888
Multi-Family
737
Businesses
498
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