home in Detroit, MI
This 2,112-square-foot multifamily home in Detroit, MI includes 4 bedrooms and 2 bathrooms.
| Price | $167,500 |
|---|
| Beds | 4 |
|---|
| Baths | 2 |
|---|
| Sqft | 2112 |
|---|
| Address | 3304 Clairmount St, Detroit, MI 48206 |
|---|
Why buy this home
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced a little above the area.
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 $1,186/month with 20% down at a 7.28% 30-year fixed rate. You would need about $50,839 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $917/mo |
|---|
| Property tax (new-buyer reassessed rate) | $207/mo |
|---|
| Homeowners insurance | $63/mo |
|---|
| Total monthly | $1,186/mo |
|---|
| Down payment (20%) | $33,500 |
|---|
| Income needed | $50,839/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B (74 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 (74/100) |
|---|
| Beats renting in | 36% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $95,086 |
|---|
| Range (10th to 90th pct) | $60,482 to $136,619 |
|---|
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