1421 Edwin StWestlandMI48186
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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 Westland at 1421 Edwin St, Westland, MI, 48186 uses $39,813 cash to close to unlock $23,134/yr annual cash flow and $1,928/mo monthly cash flow. Total monthly income runs $2,720/mo, and a $588/mo payment keeps the spread at $1,928/mo. Purchase price stands at $120,100, and rental yield measures 27.18% with $2,720/mo rent. Return on cash invested shows 78.02% in year one, and 5% annual appreciation builds toward $33,181 over five years. Five-year ROI reaches 414.98% and total cumulative return in cash records $165,219. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,720/mo property income covering a $588/mo payment rather than investor’s personal income.
Single Family
Built in 1937
0.78 Acres 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
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