5951 Newport StDetroitMI48213
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow5951 Newport St, Detroit, MI, 48213 in Detroit earns its strong cash-flow label: 25.65% yield, $2,202/mo rent, $1,523/mo net income, DSCR 4.76. The $102,999 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $28,457 by year five. Combined with $949/yr in principal paydown, total projected return reaches $137,238.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 25.7% | 9.2% |
| Monthly Cash Flow | $1,523 | $450 |
City averages based on Detroit market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,202 |
| Total Monthly Debt Service | $638 |
| DSCR Ratio | 3.45x |
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 1936
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48213, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,567 (100%) |
| Owner Occupied HU | 4,184 (43.7%) |
| Renter Occupied HU | 3,253 (34.0%) |
| Vacant Housing Units | 2,130 (22.3%) |
| Median Home Value | $56,098 |
| Average Home Value | $106,616 |
Housing Distribution
Address Breakdown
Residential
7,726
Single Family
7,316
Multi-Family
410
Businesses
517
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 1936
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48213, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,567 (100%) |
| Owner Occupied HU | 4,184 (43.7%) |
| Renter Occupied HU | 3,253 (34.0%) |
| Vacant Housing Units | 2,130 (22.3%) |
| Median Home Value | $56,098 |
| Average Home Value | $106,616 |
Housing Distribution
Address Breakdown
Residential
7,726
Single Family
7,316
Multi-Family
410
Businesses
517
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices