144 N Karle StWestlandMI48185
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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 Westland at 144 N Karle St, Westland, MI, 48185 generates $1,958/mo in rent and, after a $837/mo payment, leaves $830/mo in cash flow. Total monthly income is $1,958/mo, and annual cash flow is $9,964/yr on $56,687 invested. Return on cash invested sits at 37.49% in year one, and rental yield is 13.74% on a $171,000 entry. Equity gained on principal adds $1,103/yr, while 5% annual appreciation builds toward $47,244 over five years. Five-year ROI reaches 197.7% and total cumulative return in cash sums $112,067. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,958/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48185, Westland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,561 (100%) |
| Owner Occupied HU | 12,999 (52.9%) |
| Renter Occupied HU | 10,365 (42.2%) |
| Vacant Housing Units | 1,197 ( 4.9%) |
| Median Home Value | $193,365 |
| Average Home Value | $224,102 |
Housing Distribution
Address Breakdown
Residential
23,580
Single Family
15,783
Multi-Family
7,797
Businesses
1,239
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Listed by: Charles Gorris • Help U Sell Metro Detroit
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50174041
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