Townhouse / Rowhouse home in Detroit, MI
This Townhouse home is located in Detroit, MI. The Townhouse styling carries through the home's design.
| Price | $7,500 |
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| Architectural style | Townhouse / Rowhouse (47% match) |
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| Address | 5626 Roosevelt St, Detroit, MI 48208 |
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Why buy this home
- Confirmed Townhouse / Rowhouse architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced below comparable homes.
- At $8K, this home is 94% below the $120K median for 78 similar Townhouse / Rowhouse homes in Detroit, MI.
It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. No square footage is listed, so the per-square-foot comparison is not available. Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $53/month with 20% down at a 7.28% 30-year fixed rate. You would need about $2,276 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $41/mo |
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| Property tax (new-buyer reassessed rate) | $9/mo |
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| Homeowners insurance | $3/mo |
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| Total monthly | $53/mo |
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| Down payment (20%) | $1,500 |
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| Income needed | $2,276/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B (70 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B (70/100) |
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| Beats renting in | 27% of modeled paths |
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| Modeled 5-yr equity (median) | $4,209 |
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| Range (10th to 90th pct) | $2,493 to $6,259 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Detroit, MI where local data is thin.
Local home values
Typical home values in Detroit, MI have risen about 22% over the past 5 years (+2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Trulia