221 North DrBrooklynMI49230
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 221 North Dr, Brooklyn, MI, 49230 in Brooklyn at $189,900 earns $1,254/mo in rent and nets $2/mo after the $854/mo payment, a 7.92% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $52,466 over five years. Ziffy Mortgage underwrites this on a 1.47 DSCR without U.S. credit history. With $1,749/yr in principal paydown, total projected return reaches $72,486.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 5.0% |
| Monthly Cash Flow | $2 | $700 |
City averages based on Brooklyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,254 |
| Total Monthly Debt Service | $1,177 |
| 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 N/A
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49230, Brooklyn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,239 (100%) |
| Owner Occupied HU | 4,032 (64.6%) |
| Renter Occupied HU | 493 ( 7.9%) |
| Vacant Housing Units | 1,714 (27.5%) |
| Median Home Value | $300,447 |
| Average Home Value | $341,062 |
Housing Distribution
Address Breakdown
Residential
5,485
Single Family
5,392
Multi-Family
93
Businesses
263
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 N/A
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49230, Brooklyn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,239 (100%) |
| Owner Occupied HU | 4,032 (64.6%) |
| Renter Occupied HU | 493 ( 7.9%) |
| Vacant Housing Units | 1,714 (27.5%) |
| Median Home Value | $300,447 |
| Average Home Value | $341,062 |
Housing Distribution
Address Breakdown
Residential
5,485
Single Family
5,392
Multi-Family
93
Businesses
263
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
