13021 E Forest AveDetroitMI48215
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 13021 E Forest Ave, Detroit, MI, 48215 in Detroit. Priced at $135,000, it generates $1,456/mo in gross rent and $566/mo in net monthly cash flow, a 12.94% yield that comfortably supports the 2.40 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,789. Five-year appreciation: $37,298. Equity from principal paydown: $1,243/yr. Total projected cumulative return: $87,866.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 9.2% |
| Monthly Cash Flow | $566 | $450 |
City averages based on Detroit market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,456 |
| Total Monthly Debt Service | $837 |
| DSCR Ratio | 1.74x |
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 2000
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48215, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,751 (100%) |
| Owner Occupied HU | 2,281 (39.7%) |
| Renter Occupied HU | 2,285 (39.7%) |
| Vacant Housing Units | 1,185 (20.6%) |
| Median Home Value | $159,707 |
| Average Home Value | $228,680 |
Housing Distribution
Address Breakdown
Residential
4,728
Single Family
3,996
Multi-Family
732
Businesses
301
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 2000
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48215, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,751 (100%) |
| Owner Occupied HU | 2,281 (39.7%) |
| Renter Occupied HU | 2,285 (39.7%) |
| Vacant Housing Units | 1,185 (20.6%) |
| Median Home Value | $159,707 |
| Average Home Value | $228,680 |
Housing Distribution
Address Breakdown
Residential
4,728
Single Family
3,996
Multi-Family
732
Businesses
301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices