1356 Labrosse StDetroitMI48226
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play1356 Labrosse St, Detroit, MI, 48226 in Detroit is priced for appreciation, not yield. Rental yield 4.19%. At $699,000 with a 4.19% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $193,121 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.78) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $126,561.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.2% | 9.2% |
| Monthly Cash Flow | $(2,171) | $450 |
City averages based on Detroit market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,438 |
| Total Monthly Debt Service | $4,331 |
| DSCR Ratio | 0.56x |
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.
Single Family
Built in 1853
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48226, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,368 (100%) |
| Owner Occupied HU | 351 ( 5.5%) |
| Renter Occupied HU | 4,288 (67.3%) |
| Vacant Housing Units | 1,729 (27.2%) |
| Median Home Value | $338,406 |
| Average Home Value | $365,419 |
Housing Distribution
Address Breakdown
Residential
4,968
Single Family
552
Multi-Family
4,416
Businesses
1,511
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 1853
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48226, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,368 (100%) |
| Owner Occupied HU | 351 ( 5.5%) |
| Renter Occupied HU | 4,288 (67.3%) |
| Vacant Housing Units | 1,729 (27.2%) |
| Median Home Value | $338,406 |
| Average Home Value | $365,419 |
Housing Distribution
Address Breakdown
Residential
4,968
Single Family
552
Multi-Family
4,416
Businesses
1,511
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices