810 Plate St Unit 205RochesterMI48307
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 810 Plate St Unit 205, Rochester, MI, 48307 in Rochester at $129,900 earns $1,297/mo in rent and nets $181/mo after the $616/mo payment, a 11.98% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $35,889 over five years. Ziffy Mortgage underwrites this on a 2.11 DSCR without U.S. credit history. With $1,089/yr in principal paydown, total projected return reaches $75,401.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 6.5% |
| Monthly Cash Flow | $181 | $1,500 |
City averages based on Rochester market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,297 |
| Total Monthly Debt Service | $837 |
| DSCR Ratio | 1.55x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48307, Rochester, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,309 (100%) |
| Owner Occupied HU | 12,822 (63.1%) |
| Renter Occupied HU | 6,392 (31.5%) |
| Vacant Housing Units | 1,095 ( 5.4%) |
| Median Home Value | $391,661 |
| Average Home Value | $417,682 |
Housing Distribution
Address Breakdown
Residential
19,347
Single Family
16,548
Multi-Family
2,799
Businesses
1,720
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
