The Bellaire Plan, East VillageDetroitMI48214
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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 The Bellaire Plan, East Village, Detroit, MI, 48214 priced at $412,000 converts $2,851/mo rent into $134/mo cash flow after a $2,017/mo obligation. Total monthly income equals $2,851/mo, and annual cash flow totals $1,603/yr on $136,578 invested. Return on cash invested prints 21.08% in year one, and rental yield reads 8.3% against a $412,000 entry. Equity gained on principal adds $2,659/yr, while 5% annual appreciation compiles into $113,828 by year five. Five-year ROI reaches 109.68% and total cumulative return in cash sums $149,799. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,851/mo property income covering a $2,017/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48214, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,605 (100%) |
| Owner Occupied HU | 3,843 (30.5%) |
| Renter Occupied HU | 6,314 (50.1%) |
| Vacant Housing Units | 2,448 (19.4%) |
| Median Home Value | $116,792 |
| Average Home Value | $223,730 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
5,086
Multi-Family
3,947
Businesses
400
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