113 Ferris DrBrooklynMI49230
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 113 Ferris Dr, Brooklyn, MI, 49230 in Brooklyn. At $224,900 it earns $1,937/mo in rent and distributes $417/mo to the owner after the $1,011/mo payment, a consistent 10.34% yield. DSCR 1.92 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $62,136 in value; $2,071/yr in principal paydown compounds ownership stake. Total projected return: $112,707.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 5.0% |
| Monthly Cash Flow | $417 | $700 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,937 |
| Total Monthly Debt Service | $1,431 |
| DSCR Ratio | 1.35x |
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 1970
10,018 sqft lot
$N/A/sqft
$448 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49230, Brooklyn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,239 (100%) |
| Owner Occupied HU | 4,032 (64.6%) |
| Renter Occupied HU | 493 ( 7.9%) |
| Vacant Housing Units | 1,714 (27.5%) |
| Median Home Value | $300,447 |
| Average Home Value | $341,062 |
Housing Distribution
Address Breakdown
Residential
5,485
Single Family
5,392
Multi-Family
93
Businesses
263
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 1970
10,018 sqft lot
$N/A/sqft
$448 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49230, Brooklyn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,239 (100%) |
| Owner Occupied HU | 4,032 (64.6%) |
| Renter Occupied HU | 493 ( 7.9%) |
| Vacant Housing Units | 1,714 (27.5%) |
| Median Home Value | $300,447 |
| Average Home Value | $341,062 |
Housing Distribution
Address Breakdown
Residential
5,485
Single Family
5,392
Multi-Family
93
Businesses
263
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
