11104 Irene AveWarrenMI48093
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 11104 Irene Ave, Warren, MI, 48093 in Warren is narrow, $119/mo net on $1,825/mo rent after the $1,164/mo debt service, but the property operates at break-even-plus, not a loss. At $258,800 with a 8.46% yield, the long-run equity case via 5% appreciation ($71,502 over five years) and $2,384/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.57 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $106,235.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 7.2% |
| Monthly Cash Flow | $119 | $450 |
City averages based on Warren market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,825 |
| Total Monthly Debt Service | $1,604 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1962
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48093, Warren, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,768 (100%) |
| Owner Occupied HU | 8,204 (76.2%) |
| Renter Occupied HU | 2,199 (20.4%) |
| Vacant Housing Units | 365 ( 3.4%) |
| Median Home Value | $217,468 |
| Average Home Value | $247,931 |
Housing Distribution
Address Breakdown
Residential
10,498
Single Family
9,452
Multi-Family
1,046
Businesses
581
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1962
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48093, Warren, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,768 (100%) |
| Owner Occupied HU | 8,204 (76.2%) |
| Renter Occupied HU | 2,199 (20.4%) |
| Vacant Housing Units | 365 ( 3.4%) |
| Median Home Value | $217,468 |
| Average Home Value | $247,931 |
Housing Distribution
Address Breakdown
Residential
10,498
Single Family
9,452
Multi-Family
1,046
Businesses
581
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices