2185 Hempstead 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 2185 Hempstead Dr, Troy, MI, 48083 uses $112,677 cash to close to unlock $9,734/yr annual cash flow and $811/mo monthly cash flow. Total monthly income runs $3,053/mo, and a $1,664/mo payment keeps the spread at $811/mo. Purchase price stands at $339,900, and rental yield measures 10.78% with $3,053/mo rent. Return on cash invested shows 28.55% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 149.73% and total cumulative return in cash records $168,707. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,053/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1967
6,969 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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