1011 Alameda BlvdTroyMI48085
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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
Investment Highlights
Investment property for sale in Troy at 1011 Alameda Blvd, Troy, MI, 48085 uses $98,787 cash to close to unlock $2,729/yr annual cash flow and $227/mo monthly cash flow. Total monthly income runs $2,533/mo, and a $1,459/mo payment keeps the spread at $227/mo. Purchase price stands at $298,000, and rental yield measures 10.2% with $2,533/mo rent. Return on cash invested shows 22.67% in year one, and 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 119.71% and total cumulative return in cash records $118,256. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,533/mo property income covering a $1,459/mo payment rather than investor’s personal income.
Condo
Built in 2003
7.71 Acres lot
$N/A/sqft
$340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48085, Troy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,535 (100%) |
| Owner Occupied HU | 8,534 (89.5%) |
| Renter Occupied HU | 823 ( 8.6%) |
| Vacant Housing Units | 178 ( 1.9%) |
| Median Home Value | $410,360 |
| Average Home Value | $442,701 |
Housing Distribution
Address Breakdown
Residential
9,490
Single Family
9,447
Multi-Family
43
Businesses
399
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