1161 Kirts Blvd UNIT BTroyMI48084
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 1161 Kirts Blvd UNIT B, Troy, MI, 48084 in Troy achieves 1.64, rent of $1,808/mo covers the $1,101/mo payment 1.5x over at $244,900. Rental yield 8.86%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $67,661 over five years, with $2,256/yr in principal reduction bringing total projected return to $84,751.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 9.0% |
| Monthly Cash Flow | $(157) | $300 |
City averages based on Troy market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,808 |
| Total Monthly Debt Service | $1,868 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 1973
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48084, Troy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,035 (100%) |
| Owner Occupied HU | 3,384 (42.1%) |
| Renter Occupied HU | 4,074 (50.7%) |
| Vacant Housing Units | 577 ( 7.2%) |
| Median Home Value | $444,670 |
| Average Home Value | $492,223 |
Housing Distribution
Address Breakdown
Residential
7,576
Single Family
3,771
Multi-Family
3,805
Businesses
1,786
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
Condo
Built in 1973
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48084, Troy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,035 (100%) |
| Owner Occupied HU | 3,384 (42.1%) |
| Renter Occupied HU | 4,074 (50.7%) |
| Vacant Housing Units | 577 ( 7.2%) |
| Median Home Value | $444,670 |
| Average Home Value | $492,223 |
Housing Distribution
Address Breakdown
Residential
7,576
Single Family
3,771
Multi-Family
3,805
Businesses
1,786
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices