1447 S Carlson StWestlandMI48186
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
Investment property for sale in Westland at 1447 S Carlson St, Westland, MI, 48186 uses $58,013 cash to close to unlock $15,450/yr annual cash flow and $1,288/mo monthly cash flow. Total monthly income runs $2,442/mo, and a $857/mo payment keeps the spread at $1,288/mo. Purchase price stands at $175,000, and rental yield measures 16.75% with $2,442/mo rent. Return on cash invested shows 46.54% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 246.21% and total cumulative return in cash records $142,831. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,442/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7,405 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Childs • Coldwell Banker Realty-Northville
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240064648
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-13 17:51:48 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702