Selden Plan, Scripps DistrictDetroitMI48208
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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 Selden Plan, Scripps District, Detroit, MI, 48208 priced at $395,575 converts $2,768/mo rent into $160/mo cash flow after a $1,936/mo obligation. Total monthly income equals $2,768/mo, and annual cash flow totals $1,914/yr on $131,133 invested. Return on cash invested prints 21.37% in year one, and rental yield reads 8.4% against a $395,575 entry. Equity gained on principal adds $2,553/yr, while 5% annual appreciation compiles into $109,290 by year five. Five-year ROI reaches 111.21% and total cumulative return in cash sums $145,831. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,768/mo property income covering a $1,936/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48208, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,108 (100%) |
| Owner Occupied HU | 952 (23.2%) |
| Renter Occupied HU | 2,225 (54.2%) |
| Vacant Housing Units | 931 (22.7%) |
| Median Home Value | $209,073 |
| Average Home Value | $224,176 |
Housing Distribution
Address Breakdown
Residential
3,837
Single Family
2,406
Multi-Family
1,431
Businesses
262
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