8355 Normile StDetroitMI48204
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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
Rental property for sale in Detroit at 8355 Normile St, Detroit, MI, 48204 generates $1,758/mo in rent and, after a $1,150/mo payment, leaves $209/mo in cash flow. Total monthly income is $1,758/mo, and annual cash flow is $2,502/yr on $77,903 invested. Return on cash invested sits at 23.12% in year one, and rental yield is 8.98% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 120.62% and total cumulative return in cash sums $93,964. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,758/mo property income rather than buyer’s personal income.
Single Family
Built in 1927
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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