615 W Burnside RdFostoriaMI48435
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.71 makes 615 W Burnside Rd, Fostoria, MI, 48435 in Fostoria one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 9.21%. The 9.21% yield, 5% annual appreciation ($52,797 over five years), and $1,760/yr in principal reduction project a total cumulative return of $72,892.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.8% |
| Monthly Cash Flow | $(14) | $250 |
City averages based on Fostoria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,467 |
| Total Monthly Debt Service | $1,405 |
| DSCR Ratio | 1.04x |
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 2004
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48435, Fostoria, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 823 (100%) |
| Owner Occupied HU | 690 (83.8%) |
| Renter Occupied HU | 83 (10.1%) |
| Vacant Housing Units | 50 ( 6.1%) |
| Median Home Value | $195,000 |
| Average Home Value | $267,290 |
Housing Distribution
Address Breakdown
Residential
754
Single Family
754
Multi-Family
0
Businesses
20
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 2004
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48435, Fostoria, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 823 (100%) |
| Owner Occupied HU | 690 (83.8%) |
| Renter Occupied HU | 83 (10.1%) |
| Vacant Housing Units | 50 ( 6.1%) |
| Median Home Value | $195,000 |
| Average Home Value | $267,290 |
Housing Distribution
Address Breakdown
Residential
754
Single Family
754
Multi-Family
0
Businesses
20
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
