8200 E Jefferson Ave APT 605DetroitMI48214
INVESTMENT ANALYSIS
Investment Verdict
Solid Income8200 E Jefferson Ave APT 605, Detroit, MI, 48214 in Detroit carries a 1.72 coverage ratio, rent of $866/mo is 1.72 times the $504/mo payment. Rental yield 9.28%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $112,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $30,944; total projected cumulative return: $16,006.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 9.2% |
| Monthly Cash Flow | $(454) | $450 |
City averages based on Detroit market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $866 |
| Total Monthly Debt Service | $1,275 |
| DSCR Ratio | 0.68x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 1966
N/A lot
$N/A/sqft
$581 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48214, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,605 (100%) |
| Owner Occupied HU | 3,843 (30.5%) |
| Renter Occupied HU | 6,314 (50.1%) |
| Vacant Housing Units | 2,448 (19.4%) |
| Median Home Value | $116,792 |
| Average Home Value | $223,730 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
5,086
Multi-Family
3,947
Businesses
400
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
Condo
Built in 1966
N/A lot
$N/A/sqft
$581 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48214, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,605 (100%) |
| Owner Occupied HU | 3,843 (30.5%) |
| Renter Occupied HU | 6,314 (50.1%) |
| Vacant Housing Units | 2,448 (19.4%) |
| Median Home Value | $116,792 |
| Average Home Value | $223,730 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
5,086
Multi-Family
3,947
Businesses
400
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tiffany Henry • Realty Executives Home Towne Shelby
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50177608
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