2403 E Square Lake RdTroyMI48085
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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
Rental property for sale in Troy at 2403 E Square Lake Rd, Troy, MI, 48085 generates $4,410/mo in rent, after a $3,351/mo payment. Total monthly income is $4,410/mo. Return on cash invested sits at 19.5% in year one, and rental yield is 7.73% on a $684,699 entry. Equity gained on principal adds $4,418/yr, while 5% annual appreciation builds toward $189,170 over five years. Five-year ROI reaches 101.17% and total cumulative return in cash sums $227,904. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,410/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.58 Acres lot
$N/A/sqft
No 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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