19446 & 19448 E Schaefer HwyDetroitMI48217
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 19446 & 19448 E Schaefer Hwy, Detroit, MI, 48217 in Detroit hard to pass up. The 11.7% gross yield on a $160,000 purchase results in $1,560/mo in rent and $505/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.17). Annual cash flow of $6,059, five-year appreciation of $44,205, and $1,474/yr in equity build-up combine for a projected total cumulative return of $93,472.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 9.2% |
| Monthly Cash Flow | $505 | $450 |
City averages based on Detroit 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 | $1,560 |
| Total Monthly Debt Service | $991 |
| DSCR Ratio | 1.57x |
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.
Multi Family
Built in 1948
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48217, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,025 (100%) |
| Owner Occupied HU | 1,748 (57.8%) |
| Renter Occupied HU | 956 (31.6%) |
| Vacant Housing Units | 321 (10.6%) |
| Median Home Value | $78,432 |
| Average Home Value | $247,887 |
Housing Distribution
Address Breakdown
Residential
2,699
Single Family
2,509
Multi-Family
190
Businesses
159
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 1948
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48217, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,025 (100%) |
| Owner Occupied HU | 1,748 (57.8%) |
| Renter Occupied HU | 956 (31.6%) |
| Vacant Housing Units | 321 (10.6%) |
| Median Home Value | $78,432 |
| Average Home Value | $247,887 |
Housing Distribution
Address Breakdown
Residential
2,699
Single Family
2,509
Multi-Family
190
Businesses
159
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices