3634 Farnsworth StDetroitMI48211
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 3634 Farnsworth St, Detroit, MI, 48211 in Detroit: $1,548/mo in rent, $362/mo in net income, 10.33% gross yield, 1.81 DSCR, all at $179,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $49,703 in appreciation and $1,508/yr in principal paydown projects total cumulative return of $88,443.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 9.2% |
| Monthly Cash Flow | $362 | $450 |
City averages based on Detroit 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 | $1,548 |
| Total Monthly Debt Service | $1,159 |
| DSCR Ratio | 1.34x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1905
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48211, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,350 (100%) |
| Owner Occupied HU | 931 (39.6%) |
| Renter Occupied HU | 851 (36.2%) |
| Vacant Housing Units | 568 (24.2%) |
| Median Home Value | $60,946 |
| Average Home Value | $153,473 |
Housing Distribution
Address Breakdown
Residential
1,944
Single Family
1,816
Multi-Family
128
Businesses
369
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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
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Nearby investment properties with comparable prices
