24893 Saxony AveEastpointeMI48021
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Eastpointe rentals match the income profile of 24893 Saxony Ave, Eastpointe, MI, 48021. Listed at $169,895, gross rent is $2,980/mo and net cash flow is $1,859/mo, a 21.05% yield well above national averages. DSCR 3.90 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $46,939 by year five with $1,565/yr in annual principal reduction, projecting $184,429 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 21.1% | 8.0% |
| Monthly Cash Flow | $1,859 | $550 |
City averages based on Eastpointe market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,980 |
| Total Monthly Debt Service | $1,053 |
| DSCR Ratio | 2.83x |
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 1955
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48021, Eastpointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,721 (100%) |
| Owner Occupied HU | 8,850 (64.5%) |
| Renter Occupied HU | 4,338 (31.6%) |
| Vacant Housing Units | 533 ( 3.9%) |
| Median Home Value | $132,729 |
| Average Home Value | $169,372 |
Housing Distribution
Address Breakdown
Residential
13,433
Single Family
12,805
Multi-Family
628
Businesses
1,046
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 1955
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48021, Eastpointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,721 (100%) |
| Owner Occupied HU | 8,850 (64.5%) |
| Renter Occupied HU | 4,338 (31.6%) |
| Vacant Housing Units | 533 ( 3.9%) |
| Median Home Value | $132,729 |
| Average Home Value | $169,372 |
Housing Distribution
Address Breakdown
Residential
13,433
Single Family
12,805
Multi-Family
628
Businesses
1,046
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices