1175 Charrington DrTroyMI48083
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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
Rental property for sale in Troy at 1175 Charrington Dr, Troy, MI, 48083 generates $2,393/mo in rent and, after a $1,725/mo payment, leaves $69/mo in cash flow. Total monthly income is $2,393/mo, and annual cash flow is $825/yr on $116,854 invested. Return on cash invested sits at 20.61% in year one, and rental yield is 8.15% on a $352,500 entry. Equity gained on principal adds $2,275/yr, while 5% annual appreciation builds toward $97,389 over five years. Five-year ROI reaches 107.16% and total cumulative return in cash sums $125,215. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,393/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
8,276 sqft 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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