17041 Dora StMelvindaleMI48122
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 17041 Dora St, Melvindale, MI, 48122 in Melvindale earns a 10.16% gross yield at $149,900. Rent of $1,270/mo nets $281/mo after the $674/mo mortgage. The 1.88 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $41,415 and $1,381/yr in equity accumulation project a total cumulative return of $75,251.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 7.2% |
| Monthly Cash Flow | $281 | $220 |
City averages based on Melvindale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,270 |
| Total Monthly Debt Service | $929 |
| DSCR Ratio | 1.37x |
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 1930
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48122, Melvindale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,839 (100%) |
| Owner Occupied HU | 2,754 (56.9%) |
| Renter Occupied HU | 1,821 (37.6%) |
| Vacant Housing Units | 264 ( 5.5%) |
| Median Home Value | $107,707 |
| Average Home Value | $135,604 |
Housing Distribution
Address Breakdown
Residential
4,628
Single Family
3,891
Multi-Family
737
Businesses
279
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 1930
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48122, Melvindale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,839 (100%) |
| Owner Occupied HU | 2,754 (56.9%) |
| Renter Occupied HU | 1,821 (37.6%) |
| Vacant Housing Units | 264 ( 5.5%) |
| Median Home Value | $107,707 |
| Average Home Value | $135,604 |
Housing Distribution
Address Breakdown
Residential
4,628
Single Family
3,891
Multi-Family
737
Businesses
279
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert D Throneburg • National Realty Centers, Inc
Mls Name: Realcomp II
Mls ID: #20251023166