64655 North AveRay TwpMI48096
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 64655 North Ave, Ray Twp, MI, 48096 in Ray Twp delivers $3,648/mo in gross rent and $517/mo in net monthly income at a $474,800 entry. The 9.22% yield and 1.71 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $131,178 over five years and $4,373/yr in equity from loan paydown, total projected return is $214,148.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 9.0% |
| Monthly Cash Flow | $517 | $800 |
City averages based on Ray Twp market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,648 |
| Total Monthly Debt Service | $2,942 |
| DSCR Ratio | 1.24x |
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 1979
5.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48096, Ray, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,535 (100%) |
| Owner Occupied HU | 1,360 (88.6%) |
| Renter Occupied HU | 111 ( 7.2%) |
| Vacant Housing Units | 64 ( 4.2%) |
| Median Home Value | $456,383 |
| Average Home Value | $487,943 |
Housing Distribution
Address Breakdown
Residential
1,560
Single Family
1,560
Multi-Family
0
Businesses
59
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 1979
5.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48096, Ray, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,535 (100%) |
| Owner Occupied HU | 1,360 (88.6%) |
| Renter Occupied HU | 111 ( 7.2%) |
| Vacant Housing Units | 64 ( 4.2%) |
| Median Home Value | $456,383 |
| Average Home Value | $487,943 |
Housing Distribution
Address Breakdown
Residential
1,560
Single Family
1,560
Multi-Family
0
Businesses
59
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices