1454 Townsend St #103DetroitMI48214
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1454 Townsend St #103, Detroit, MI, 48214 in Detroit: $2,309/mo in rent, $699/mo net, 13.29% gross yield, all on a $208,500 acquisition. The 2.46 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $57,605 in value, and $1,920/yr in principal paydown steadily builds equity. Projected total cumulative return: $125,430.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.3% | 9.2% |
| Monthly Cash Flow | $699 | $450 |
City averages based on Detroit market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,309 |
| Total Monthly Debt Service | $1,527 |
| DSCR Ratio | 1.51x |
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.
Apartment
Built in 1912
1 Acres lot
$N/A/sqft
$235 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48214, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,605 (100%) |
| Owner Occupied HU | 3,843 (30.5%) |
| Renter Occupied HU | 6,314 (50.1%) |
| Vacant Housing Units | 2,448 (19.4%) |
| Median Home Value | $116,792 |
| Average Home Value | $223,730 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
5,086
Multi-Family
3,947
Businesses
400
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
Apartment
Built in 1912
1 Acres lot
$N/A/sqft
$235 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48214, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,605 (100%) |
| Owner Occupied HU | 3,843 (30.5%) |
| Renter Occupied HU | 6,314 (50.1%) |
| Vacant Housing Units | 2,448 (19.4%) |
| Median Home Value | $116,792 |
| Average Home Value | $223,730 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
5,086
Multi-Family
3,947
Businesses
400
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices