451 Pilgrim AveBirminghamMI48009
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Birmingham rentals match the income profile of 451 Pilgrim Ave, Birmingham, MI, 48009. Listed at $1,635,000, gross rent is $18,006/mo and net cash flow is $7,224/mo, a 13.22% yield well above national averages. DSCR 2.45 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $451,720 by year five with $15,058/yr in annual principal reduction, projecting $1,087,703 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.2% | 7.5% |
| Monthly Cash Flow | $7,224 | $1,200 |
City averages based on Birmingham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $18,006 |
| Total Monthly Debt Service | $10,131 |
| DSCR Ratio | 1.78x |
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 1924
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48009, Birmingham, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,431 (100%) |
| Owner Occupied HU | 7,480 (71.7%) |
| Renter Occupied HU | 2,150 (20.6%) |
| Vacant Housing Units | 801 ( 7.7%) |
| Median Home Value | $710,938 |
| Average Home Value | $834,383 |
Housing Distribution
Address Breakdown
Residential
9,856
Single Family
8,145
Multi-Family
1,711
Businesses
1,293
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 1924
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48009, Birmingham, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,431 (100%) |
| Owner Occupied HU | 7,480 (71.7%) |
| Renter Occupied HU | 2,150 (20.6%) |
| Vacant Housing Units | 801 ( 7.7%) |
| Median Home Value | $710,938 |
| Average Home Value | $834,383 |
Housing Distribution
Address Breakdown
Residential
9,856
Single Family
8,145
Multi-Family
1,711
Businesses
1,293
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices