16235 Terrace Village DrTaylorMI48180
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.64, 16235 Terrace Village Dr, Taylor, MI, 48180 in Taylor sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 9.33%. The 9.33% yield is backed by 5% annual appreciation projecting $34,508 in value gain, plus $1,047/yr in principal reduction. Total projected cumulative return: $36,736.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.5% |
| Monthly Cash Flow | $(153) | $300 |
City averages based on Taylor market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $971 |
| Total Monthly Debt Service | $1,104 |
| DSCR Ratio | 0.88x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48180, Taylor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,679 (100%) |
| Owner Occupied HU | 17,077 (64.0%) |
| Renter Occupied HU | 8,636 (32.4%) |
| Vacant Housing Units | 966 ( 3.6%) |
| Median Home Value | $164,884 |
| Average Home Value | $204,436 |
Housing Distribution
Address Breakdown
Residential
26,247
Single Family
25,187
Multi-Family
1,060
Businesses
1,727
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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
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Nearby investment properties with comparable prices
