52 Devonshire RdPleasant RidgeMI48069
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingInvestors approaching the U.S. market with capital-preservation in mind will find 52 Devonshire Rd, Pleasant Ridge, MI, 48069 in Pleasant Ridge aligned with their strategy. Rental yield 6.59%. DSCR 1.22 and 6.59% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $3,821/yr in paydown build toward a projected cumulative return of $128,634.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 5.8% |
| Monthly Cash Flow | $(457) | $350 |
City averages based on Pleasant Ridge market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,279 |
| Total Monthly Debt Service | $2,571 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48069, Pleasant Ridge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,156 (100%) |
| Owner Occupied HU | 1,077 (93.2%) |
| Renter Occupied HU | 48 ( 4.2%) |
| Vacant Housing Units | 31 ( 2.7%) |
| Median Home Value | $461,022 |
| Average Home Value | $497,591 |
Housing Distribution
Address Breakdown
Residential
1,147
Single Family
1,146
Multi-Family
1
Businesses
53
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
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48069, Pleasant Ridge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,156 (100%) |
| Owner Occupied HU | 1,077 (93.2%) |
| Renter Occupied HU | 48 ( 4.2%) |
| Vacant Housing Units | 31 ( 2.7%) |
| Median Home Value | $461,022 |
| Average Home Value | $497,591 |
Housing Distribution
Address Breakdown
Residential
1,147
Single Family
1,146
Multi-Family
1
Businesses
53
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MichRIC
Mls ID: #26009721