1740 Lakewood DrTroyMI48083
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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 Troy at 1740 Lakewood Dr, Troy, MI, 48083 listed at $385,000 pairs $2,711/mo rent with a $1,884/mo payment to leave $173/mo cash flow. Total monthly income runs $2,711/mo, and annual cash flow reaches $2,070/yr on $127,628 cash to close. Return on cash invested measures 21.53% in year one, and rental yield registers 8.45% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 112.08% and total cumulative return in cash totals $143,050. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,711/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48083, Troy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,046 (100%) |
| Owner Occupied HU | 6,520 (59.0%) |
| Renter Occupied HU | 4,099 (37.1%) |
| Vacant Housing Units | 427 ( 3.9%) |
| Median Home Value | $336,116 |
| Average Home Value | $390,799 |
Housing Distribution
Address Breakdown
Residential
10,303
Single Family
8,752
Multi-Family
1,551
Businesses
2,078
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