11509 Nora DrFentonMI48430
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 11509 Nora Dr, Fenton, MI, 48430 in Fenton speaks for itself: 10.14% gross on a $499,900 price, generating $4,225/mo in rent and $929/mo in net income after the $2,248/mo debt service. DSCR 1.88, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,143 stacks alongside $138,113 in projected five-year appreciation and $4,604/yr in principal reduction. Projected total cumulative return: $250,206.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 5.0% |
| Monthly Cash Flow | $929 | $350 |
City averages based on Fenton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,225 |
| Total Monthly Debt Service | $3,098 |
| DSCR Ratio | 1.36x |
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 1980
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48430, Fenton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,916 (100%) |
| Owner Occupied HU | 12,868 (76.1%) |
| Renter Occupied HU | 3,053 (18.0%) |
| Vacant Housing Units | 995 ( 5.9%) |
| Median Home Value | $353,352 |
| Average Home Value | $414,915 |
Housing Distribution
Address Breakdown
Residential
16,904
Single Family
14,726
Multi-Family
2,178
Businesses
1,070
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 1980
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48430, Fenton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,916 (100%) |
| Owner Occupied HU | 12,868 (76.1%) |
| Renter Occupied HU | 3,053 (18.0%) |
| Vacant Housing Units | 995 ( 5.9%) |
| Median Home Value | $353,352 |
| Average Home Value | $414,915 |
Housing Distribution
Address Breakdown
Residential
16,904
Single Family
14,726
Multi-Family
2,178
Businesses
1,070
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices