805 Lochhead AveFlintMI48507
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 805 Lochhead Ave, Flint, MI, 48507 in Flint: $1,798/mo in rent, $1,073/mo net, 19.63% gross yield, all on a $109,900 acquisition. The 3.64 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $30,363 in value, and $1,012/yr in principal paydown steadily builds equity. Projected total cumulative return: $110,980.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.6% | 8.2% |
| Monthly Cash Flow | $1,073 | $150 |
City averages based on Flint market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,798 |
| Total Monthly Debt Service | $681 |
| DSCR Ratio | 2.64x |
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 1960
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48507, Flint, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,440 (100%) |
| Owner Occupied HU | 8,027 (55.6%) |
| Renter Occupied HU | 4,811 (33.3%) |
| Vacant Housing Units | 1,602 (11.1%) |
| Median Home Value | $131,237 |
| Average Home Value | $160,132 |
Housing Distribution
Address Breakdown
Residential
12,852
Single Family
10,959
Multi-Family
1,893
Businesses
1,439
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 1960
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48507, Flint, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,440 (100%) |
| Owner Occupied HU | 8,027 (55.6%) |
| Renter Occupied HU | 4,811 (33.3%) |
| Vacant Housing Units | 1,602 (11.1%) |
| Median Home Value | $131,237 |
| Average Home Value | $160,132 |
Housing Distribution
Address Breakdown
Residential
12,852
Single Family
10,959
Multi-Family
1,893
Businesses
1,439
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices