1299 Fountain DrTroyMI48098
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
Rental property for sale in Troy at 1299 Fountain Dr, Troy, MI, 48098 priced at $699,900 converts $5,282/mo rent into $666/mo cash flow after a $3,426/mo obligation. Total monthly income equals $5,282/mo, and annual cash flow totals $7,994/yr on $230,267 invested. Return on cash invested prints 23.53% in year one, and rental yield reads 9.06% against a $699,900 entry. Equity gained on principal adds $4,516/yr, while 5% annual appreciation compiles into $193,369 by year five. Five-year ROI reaches 122.78% and total cumulative return in cash sums $282,728. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,282/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 1981
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48098, Troy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,543 (100%) |
| Owner Occupied HU | 6,819 (90.4%) |
| Renter Occupied HU | 540 ( 7.2%) |
| Vacant Housing Units | 184 ( 2.4%) |
| Median Home Value | $499,682 |
| Average Home Value | $542,576 |
Housing Distribution
Address Breakdown
Residential
7,478
Single Family
7,288
Multi-Family
190
Businesses
477
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