1063 Minnesota AveTroyMI48083
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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 1063 Minnesota Ave, Troy, MI, 48083 uses $79,321 cash to close to unlock $2,655/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $1,799/mo, and a $1,171/mo payment keeps the spread at $221/mo. Purchase price stands at $239,280, and rental yield measures 9.02% with $1,799/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $66,109 over five years. Five-year ROI reaches 121.36% and total cumulative return in cash records $96,268. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,799/mo property income covering a $1,171/mo payment rather than investor’s personal income.
Single Family
Built in 1939
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48083, Troy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,046 (100%) |
| Owner Occupied HU | 6,520 (59.0%) |
| Renter Occupied HU | 4,099 (37.1%) |
| Vacant Housing Units | 427 ( 3.9%) |
| Median Home Value | $336,116 |
| Average Home Value | $390,799 |
Housing Distribution
Address Breakdown
Residential
10,303
Single Family
8,752
Multi-Family
1,551
Businesses
2,078
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