2354 Erickson DrTroyMI48085
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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 2354 Erickson Dr, Troy, MI, 48085 listed at $481,460 pairs $3,324/mo rent with a $2,357/mo payment to leave $49/mo cash flow. Total monthly income runs $3,324/mo, and annual cash flow reaches $582/yr on $159,604 cash to close. Return on cash invested measures 20.27% in year one, and rental yield registers 8.28% at a $481,460 basis. Equity gained on principal adds $3,107/yr, and annual property appreciation at 5% supports $133,019 by year five. Five-year ROI tracks 105.6% and total cumulative return in cash totals $168,547. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,324/mo property income relative to a $2,357/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1989
10,454 sqft lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48085, Troy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,535 (100%) |
| Owner Occupied HU | 8,534 (89.5%) |
| Renter Occupied HU | 823 ( 8.6%) |
| Vacant Housing Units | 178 ( 1.9%) |
| Median Home Value | $410,360 |
| Average Home Value | $442,701 |
Housing Distribution
Address Breakdown
Residential
9,490
Single Family
9,447
Multi-Family
43
Businesses
399
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