Lafayette Plan, The Townes at Pullman ParcDetroitMI48207
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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 Lafayette Plan, The Townes at Pullman Parc, Detroit, MI, 48207 offers $3,280/mo rent that, after a $2,272/mo payment, leaves $219/mo cash flow. Total monthly income is $3,280/mo, and annual cash flow is $2,628/yr on $153,860 cash. Return on cash invested measures 21.62% in year one, and rental yield stands at 8.48% at a $464,132 entry. Equity gained on principal adds $2,995/yr while 5% annual appreciation compounds into $128,231 by year five. Five-year ROI records 112.53% and total cumulative return in cash reaches $173,139. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,280/mo property income versus a $2,272/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48207, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,089 (100%) |
| Owner Occupied HU | 3,076 (21.8%) |
| Renter Occupied HU | 9,104 (64.6%) |
| Vacant Housing Units | 1,909 (13.5%) |
| Median Home Value | $217,828 |
| Average Home Value | $232,766 |
Housing Distribution
Address Breakdown
Residential
11,293
Single Family
5,243
Multi-Family
6,050
Businesses
1,011
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