9407 Manor 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 9407 Manor St, Detroit, MI, 48204 uses $36,465 cash to close to unlock $5,172/yr annual cash flow and $431/mo monthly cash flow. Total monthly income runs $1,156/mo, and a $538/mo payment keeps the spread at $431/mo. Purchase price stands at $110,000, and rental yield measures 12.61% with $1,156/mo rent. Return on cash invested shows 34.09% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 179.41% and total cumulative return in cash records $65,424. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,156/mo property income covering a $538/mo payment rather than investor’s personal income.
Multi Family
Built in 1926
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices