1015 Easley DrWestlandMI48186
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
Investment Highlights
Investment property for sale in Westland at 1015 Easley Dr, Westland, MI, 48186 offers a 8.06% rental yield on a $200,000 purchase with $1,343/mo rent. Total monthly income registers $1,343/mo, and a $979/mo payment leaves $24/mo available for distribution. Annual cash flow reaches $288/yr on $66,300 to close, and return on cash invested stands at 20.34% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 105.7% and total cumulative return in cash at $70,076. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,343/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48186, Westland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,869 (100%) |
| Owner Occupied HU | 9,933 (66.8%) |
| Renter Occupied HU | 4,216 (28.4%) |
| Vacant Housing Units | 720 ( 4.8%) |
| Median Home Value | $176,469 |
| Average Home Value | $205,720 |
Housing Distribution
Address Breakdown
Residential
14,625
Single Family
13,228
Multi-Family
1,397
Businesses
401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices