3113 Buckingham AveBerkleyMI48072
INVESTMENT ANALYSIS
Investment Verdict
Solid Income3113 Buckingham Ave, Berkley, MI, 48072 in Berkley is a solid income-producing rental, 8.91% gross yield, $1,930/mo rent, $216/mo net cash flow on a $259,900 buy. DSCR 1.65 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $71,806 and $2,394/yr in principal reduction project a total cumulative return of $112,944.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.8% |
| Monthly Cash Flow | $216 | $350 |
City averages based on Berkley 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 | $1,930 |
| Total Monthly Debt Service | $1,611 |
| DSCR Ratio | 1.20x |
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
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48072, Berkley, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,067 (100%) |
| Owner Occupied HU | 5,975 (84.5%) |
| Renter Occupied HU | 895 (12.7%) |
| Vacant Housing Units | 197 ( 2.8%) |
| Median Home Value | $321,340 |
| Average Home Value | $359,511 |
Housing Distribution
Address Breakdown
Residential
7,024
Single Family
6,632
Multi-Family
392
Businesses
609
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
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48072, Berkley, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,067 (100%) |
| Owner Occupied HU | 5,975 (84.5%) |
| Renter Occupied HU | 895 (12.7%) |
| Vacant Housing Units | 197 ( 2.8%) |
| Median Home Value | $321,340 |
| Average Home Value | $359,511 |
Housing Distribution
Address Breakdown
Residential
7,024
Single Family
6,632
Multi-Family
392
Businesses
609
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices