3479 Gilbert StDetroitMI48210
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 3479 Gilbert St, Detroit, MI, 48210 in Detroit hard to pass up. The 12.31% gross yield on a $269,000 purchase results in $2,759/mo in rent and $985/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.28). Annual cash flow of $11,819, five-year appreciation of $74,320, and $2,478/yr in equity build-up combine for a projected total cumulative return of $165,865.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 9.2% |
| Monthly Cash Flow | $985 | $450 |
City averages based on Detroit market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,759 |
| Total Monthly Debt Service | $1,667 |
| DSCR Ratio | 1.66x |
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 1910
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48210, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,129 (100%) |
| Owner Occupied HU | 4,783 (47.2%) |
| Renter Occupied HU | 3,329 (32.9%) |
| Vacant Housing Units | 2,017 (19.9%) |
| Median Home Value | $63,473 |
| Average Home Value | $120,444 |
Housing Distribution
Address Breakdown
Residential
8,292
Single Family
8,051
Multi-Family
241
Businesses
504
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 1910
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48210, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,129 (100%) |
| Owner Occupied HU | 4,783 (47.2%) |
| Renter Occupied HU | 3,329 (32.9%) |
| Vacant Housing Units | 2,017 (19.9%) |
| Median Home Value | $63,473 |
| Average Home Value | $120,444 |
Housing Distribution
Address Breakdown
Residential
8,292
Single Family
8,051
Multi-Family
241
Businesses
504
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices