29626 Hoover Rd #626WarrenMI48093
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 29626 Hoover Rd #626, Warren, MI, 48093 in Warren clears it at 1.74, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 9.37%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $40,309; $1,344/yr in principal equity; total projected return: $66,966.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.2% |
| Monthly Cash Flow | $(97) | $450 |
City averages based on Warren market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,139 |
| Total Monthly Debt Service | $904 |
| DSCR Ratio | 1.26x |
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.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48093, Warren, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,768 (100%) |
| Owner Occupied HU | 8,204 (76.2%) |
| Renter Occupied HU | 2,199 (20.4%) |
| Vacant Housing Units | 365 ( 3.4%) |
| Median Home Value | $217,468 |
| Average Home Value | $247,931 |
Housing Distribution
Address Breakdown
Residential
10,498
Single Family
9,452
Multi-Family
1,046
Businesses
581
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
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48093, Warren, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,768 (100%) |
| Owner Occupied HU | 8,204 (76.2%) |
| Renter Occupied HU | 2,199 (20.4%) |
| Vacant Housing Units | 365 ( 3.4%) |
| Median Home Value | $217,468 |
| Average Home Value | $247,931 |
Housing Distribution
Address Breakdown
Residential
10,498
Single Family
9,452
Multi-Family
1,046
Businesses
581
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices