16100 Thirty Mile RdRayMI48096
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThis is a cash-flow-light asset: 16100 Thirty Mile Rd, Ray, MI, 48096 in Ray, $825,000, 7.98% gross yield, $48/mo net income. Consider it a market-entry position, the $5,489/mo rent covers the $3,710/mo payment with a margin, and 5%/yr appreciation is projected to add $227,932 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.48) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $317,408.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.0% |
| Monthly Cash Flow | $48 | $800 |
City averages based on Ray market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $5,489 |
| Total Monthly Debt Service | $5,112 |
| DSCR Ratio | 1.07x |
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 1978
14.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48096, Ray, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,535 (100%) |
| Owner Occupied HU | 1,360 (88.6%) |
| Renter Occupied HU | 111 ( 7.2%) |
| Vacant Housing Units | 64 ( 4.2%) |
| Median Home Value | $456,383 |
| Average Home Value | $487,943 |
Housing Distribution
Address Breakdown
Residential
1,560
Single Family
1,560
Multi-Family
0
Businesses
59
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 1978
14.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48096, Ray, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,535 (100%) |
| Owner Occupied HU | 1,360 (88.6%) |
| Renter Occupied HU | 111 ( 7.2%) |
| Vacant Housing Units | 64 ( 4.2%) |
| Median Home Value | $456,383 |
| Average Home Value | $487,943 |
Housing Distribution
Address Breakdown
Residential
1,560
Single Family
1,560
Multi-Family
0
Businesses
59
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices