321 W 2nd StFlintMI48502
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 321 W 2nd St, Flint, MI, 48502 in Flint earns a 9.63% gross yield at $189,900. Rent of $1,524/mo nets $272/mo after the $854/mo mortgage. The 1.78 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $52,466 and $1,749/yr in equity accumulation project a total cumulative return of $89,874.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 8.2% |
| Monthly Cash Flow | $272 | $150 |
City averages based on Flint market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,524 |
| Total Monthly Debt Service | $1,177 |
| DSCR Ratio | 1.30x |
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 1917
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48502, Flint, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 353 (100%) |
| Owner Occupied HU | 56 (15.9%) |
| Renter Occupied HU | 227 (64.3%) |
| Vacant Housing Units | 70 (19.8%) |
| Median Home Value | $52,500 |
| Average Home Value | $82,321 |
Housing Distribution
Address Breakdown
Residential
433
Single Family
173
Multi-Family
260
Businesses
451
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 1917
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48502, Flint, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 353 (100%) |
| Owner Occupied HU | 56 (15.9%) |
| Renter Occupied HU | 227 (64.3%) |
| Vacant Housing Units | 70 (19.8%) |
| Median Home Value | $52,500 |
| Average Home Value | $82,321 |
Housing Distribution
Address Breakdown
Residential
433
Single Family
173
Multi-Family
260
Businesses
451
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices