16871 Ashton AveDetroitMI48219
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 16871 Ashton Ave, Detroit, MI, 48219 in Detroit speaks for itself: 14.07% gross on a $289,900 price, generating $3,398/mo in rent and $1,487/mo in net income after the $1,304/mo debt service. DSCR 2.61, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $17,840 stacks alongside $80,094 in projected five-year appreciation and $2,670/yr in principal reduction. Projected total cumulative return: $206,088.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.1% | 9.2% |
| Monthly Cash Flow | $1,487 | $450 |
City averages based on Detroit market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,398 |
| Total Monthly Debt Service | $1,796 |
| DSCR Ratio | 1.89x |
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 1956
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48219, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,087 (100%) |
| Owner Occupied HU | 10,175 (48.3%) |
| Renter Occupied HU | 8,808 (41.8%) |
| Vacant Housing Units | 2,104 ( 10.0%) |
| Median Home Value | $89,919 |
| Average Home Value | $133,994 |
Housing Distribution
Address Breakdown
Residential
18,789
Single Family
16,030
Multi-Family
2,759
Businesses
818
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 1956
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48219, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,087 (100%) |
| Owner Occupied HU | 10,175 (48.3%) |
| Renter Occupied HU | 8,808 (41.8%) |
| Vacant Housing Units | 2,104 ( 10.0%) |
| Median Home Value | $89,919 |
| Average Home Value | $133,994 |
Housing Distribution
Address Breakdown
Residential
18,789
Single Family
16,030
Multi-Family
2,759
Businesses
818
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices