1030 Lorenzo CtTroyMI48085
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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 1030 Lorenzo Ct, Troy, MI, 48085 uses $159,087 cash to close to unlock $2,942/yr annual cash flow and $245/mo monthly cash flow. Total monthly income runs $3,410/mo, and a $2,349/mo payment keeps the spread at $245/mo. Purchase price stands at $479,900, and rental yield measures 8.53% with $3,410/mo rent. Return on cash invested shows 21.76% in year one, and 5% annual appreciation builds toward $132,588 over five years. Five-year ROI reaches 113.31% and total cumulative return in cash records $180,261. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,410/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No 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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