8950 Birwood 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
Rental property for sale in Detroit at 8950 Birwood St, Detroit, MI, 48204 priced at $103,500 pairs $1,462/mo rent with $779/mo cash flow after a $507/mo payment. Total monthly income equals $1,462/mo, and annual cash flow comes to $9,348/yr on $34,310 invested. Return on cash invested is 47.16% in year one, and rental yield stands at 16.95% on a $103,500 basis. Equity gained on principal adds $668/yr, and 5% annual appreciation accumulates to $28,595 by year five. Five-year ROI measures 249.65% and total cumulative return in cash reaches $85,655. For financing, Ziffy Mortgage’s DSCR program evaluates $1,462/mo property income against a $507/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1946
4,356 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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