1774 N Carlson 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
Investment property for sale in Westland at 1774 N Carlson St, Westland, MI, 48185 offers a 6.82% rental yield on a $289,900 purchase with $1,648/mo rent. 61% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,094 over five years. Portfolio math shows five-year ROI at 85.74% and total cumulative return in cash at $82,401. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,648/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1980
10,454 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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