13540 E State Fair StDetroitMI48205
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 13540 E State Fair St, Detroit, MI, 48205 in Detroit worth modelling. At $119,000 with a 9.31% gross yield, the $923/mo rent leaves $138/mo after the $535/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.73 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $32,878 by year five; $1,096/yr in principal reduction adds further equity. Total projected return: $54,245.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 9.2% |
| Monthly Cash Flow | $138 | $450 |
City averages based on Detroit market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $923 |
| Total Monthly Debt Service | $737 |
| DSCR Ratio | 1.25x |
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 1957
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48205, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,957 (100%) |
| Owner Occupied HU | 6,481 (46.4%) |
| Renter Occupied HU | 5,046 (36.2%) |
| Vacant Housing Units | 2,430 (17.4%) |
| Median Home Value | $55,600 |
| Average Home Value | $102,023 |
Housing Distribution
Address Breakdown
Residential
12,202
Single Family
11,858
Multi-Family
344
Businesses
550
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 1957
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48205, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,957 (100%) |
| Owner Occupied HU | 6,481 (46.4%) |
| Renter Occupied HU | 5,046 (36.2%) |
| Vacant Housing Units | 2,430 (17.4%) |
| Median Home Value | $55,600 |
| Average Home Value | $102,023 |
Housing Distribution
Address Breakdown
Residential
12,202
Single Family
11,858
Multi-Family
344
Businesses
550
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices