148 N Wayne RdWestlandMI48185
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 148 N Wayne Rd, Westland, MI, 48185 at $231,000 posts ROI 27.72% with $498/mo cash flow from $2,022/mo rent. Total monthly income equals $2,022/mo, and annual cash flow records $5,980/yr on $76,577 to close. Return on cash invested measures 27.72% and rental yield reads 10.5% at the current $231,000. Equity gained on principal adds $1,491/yr, and 5% annual appreciation supports $63,821 by year five. Five-year ROI prints 145.29% and total cumulative return in cash totals $111,261.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,022/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1927
10,018 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: Michele K Papatheodore • Keller Williams First
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50177202
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