32608 E Harper Ave N #32Saint Clair ShoresMI48082
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 32608 E Harper Ave N #32, Saint Clair Shores, MI, 48082 in Saint Clair Shores clears it at 1.74, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 9.4%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $34,535; $1,151/yr in principal equity; total projected return: $57,595.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.0% |
| Monthly Cash Flow | $(45) | $1,200 |
City averages based on Saint Clair Shores market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $979 |
| Total Monthly Debt Service | $775 |
| 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.
Townhouse
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48082, Saint Clair Shores, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,636 (100%) |
| Owner Occupied HU | 6,360 (83.3%) |
| Renter Occupied HU | 998 (13.1%) |
| Vacant Housing Units | 278 ( 3.6%) |
| Median Home Value | $221,528 |
| Average Home Value | $271,960 |
Housing Distribution
Address Breakdown
Residential
7,496
Single Family
7,049
Multi-Family
447
Businesses
234
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
Townhouse
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48082, Saint Clair Shores, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,636 (100%) |
| Owner Occupied HU | 6,360 (83.3%) |
| Renter Occupied HU | 998 (13.1%) |
| Vacant Housing Units | 278 ( 3.6%) |
| Median Home Value | $221,528 |
| Average Home Value | $271,960 |
Housing Distribution
Address Breakdown
Residential
7,496
Single Family
7,049
Multi-Family
447
Businesses
234
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Realcomp II
Mls ID: #20261007842