987 E Philadelphia StDetroitMI48211
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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
Investment property for sale in Detroit at 987 E Philadelphia St, Detroit, MI, 48211 with 5% annual appreciation on a $100,000 basis while $798/mo rent supports operations. Total monthly income totals $798/mo and a $489/mo payment preserves $139/mo for cash returns. Annual cash flow comes to $1,668/yr on $33,150 deployed, and return on cash invested reaches 24.94% in year one. Equity gained on principal adds $645/yr, and five-year appreciation sums $27,628 alongside rental yield of 9.58%. Five-year ROI measures 130.36% and total cumulative return in cash totals $43,216.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $798/mo property income versus a $489/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1909
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48211, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,350 (100%) |
| Owner Occupied HU | 931 (39.6%) |
| Renter Occupied HU | 851 (36.2%) |
| Vacant Housing Units | 568 (24.2%) |
| Median Home Value | $60,946 |
| Average Home Value | $153,473 |
Housing Distribution
Address Breakdown
Residential
1,944
Single Family
1,816
Multi-Family
128
Businesses
369
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