244 Florence DrTroyMI48098
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 244 Florence Dr, Troy, MI, 48098 offers a 8.19% rental yield on a $270,000 purchase with $1,842/mo rent. Total monthly income registers $1,842/mo, and a $1,322/mo payment leaves $61/mo available for distribution. Annual cash flow reaches $732/yr on $89,505 to close, and return on cash invested stands at 20.73% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 107.74% and total cumulative return in cash at $96,433. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,842/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48098, Troy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,543 (100%) |
| Owner Occupied HU | 6,819 (90.4%) |
| Renter Occupied HU | 540 ( 7.2%) |
| Vacant Housing Units | 184 ( 2.4%) |
| Median Home Value | $499,682 |
| Average Home Value | $542,576 |
Housing Distribution
Address Breakdown
Residential
7,478
Single Family
7,288
Multi-Family
190
Businesses
477
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