1461 Clark StDetroitMI48209
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 1461 Clark St, Detroit, MI, 48209 in Detroit is a conservative rental investment at $349,999. Rental yield 6.43%. A 1.19 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $96,698; $3,224/yr in principal paydown supplements. Total projected return: $105,523.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 9.2% |
| Monthly Cash Flow | $(432) | $450 |
City averages based on Detroit market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,876 |
| Total Monthly Debt Service | $2,169 |
| DSCR Ratio | 0.86x |
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.
Multi Family
Built in 1913
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48209, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,028 (100%) |
| Owner Occupied HU | 4,559 (45.5%) |
| Renter Occupied HU | 3,875 (38.6%) |
| Vacant Housing Units | 1,594 (15.9%) |
| Median Home Value | $97,165 |
| Average Home Value | $179,052 |
Housing Distribution
Address Breakdown
Residential
8,479
Single Family
7,568
Multi-Family
911
Businesses
573
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
Multi Family
Built in 1913
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48209, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,028 (100%) |
| Owner Occupied HU | 4,559 (45.5%) |
| Renter Occupied HU | 3,875 (38.6%) |
| Vacant Housing Units | 1,594 (15.9%) |
| Median Home Value | $97,165 |
| Average Home Value | $179,052 |
Housing Distribution
Address Breakdown
Residential
8,479
Single Family
7,568
Multi-Family
911
Businesses
573
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices