22730 Manistee StOak ParkMI48237
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 22730 Manistee St, Oak Park, MI, 48237 in Oak Park at $165,000 earns $1,265/mo in rent and nets $177/mo after the $742/mo payment, a 9.2% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $45,586 over five years. Ziffy Mortgage underwrites this on a 1.70 DSCR without U.S. credit history. With $1,520/yr in principal paydown, total projected return reaches $74,270.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 8.5% |
| Monthly Cash Flow | $177 | $950 |
City averages based on Oak Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,265 |
| Total Monthly Debt Service | $1,022 |
| DSCR Ratio | 1.24x |
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 1952
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48237, Oak Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,116 (100%) |
| Owner Occupied HU | 7,715 (58.8%) |
| Renter Occupied HU | 4,989 (38.0%) |
| Vacant Housing Units | 412 ( 3.1%) |
| Median Home Value | $202,509 |
| Average Home Value | $243,042 |
Housing Distribution
Address Breakdown
Residential
12,700
Single Family
10,565
Multi-Family
2,135
Businesses
1,307
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 1952
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48237, Oak Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,116 (100%) |
| Owner Occupied HU | 7,715 (58.8%) |
| Renter Occupied HU | 4,989 (38.0%) |
| Vacant Housing Units | 412 ( 3.1%) |
| Median Home Value | $202,509 |
| Average Home Value | $243,042 |
Housing Distribution
Address Breakdown
Residential
12,700
Single Family
10,565
Multi-Family
2,135
Businesses
1,307
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices