9578 Oakland StDetroitMI48211
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 9578 Oakland St, Detroit, MI, 48211 in Detroit is straightforward: $187,000 in, $1,499/mo in rent, $266/mo out after debt service. The 9.62% gross yield and 1.78 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $51,665 by year five. With $1,722/yr in principal equity, the total cumulative return is projected at $88,382.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 9.2% |
| Monthly Cash Flow | $266 | $450 |
City averages based on Detroit 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 | $1,499 |
| Total Monthly Debt Service | $1,159 |
| DSCR Ratio | 1.29x |
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 1910
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48211, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,350 (100%) |
| Owner Occupied HU | 931 (39.6%) |
| Renter Occupied HU | 851 (36.2%) |
| Vacant Housing Units | 568 (24.2%) |
| Median Home Value | $60,946 |
| Average Home Value | $153,473 |
Housing Distribution
Address Breakdown
Residential
1,944
Single Family
1,816
Multi-Family
128
Businesses
369
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 1910
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48211, Detroit, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,350 (100%) |
| Owner Occupied HU | 931 (39.6%) |
| Renter Occupied HU | 851 (36.2%) |
| Vacant Housing Units | 568 (24.2%) |
| Median Home Value | $60,946 |
| Average Home Value | $153,473 |
Housing Distribution
Address Breakdown
Residential
1,944
Single Family
1,816
Multi-Family
128
Businesses
369
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices