2703 Downey DrTroyMI48083
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 2703 Downey Dr, Troy, MI, 48083 earns $815/mo cash flow from $3,307/mo rent with a $1,850/mo payment. Total monthly income totals $3,307/mo, and annual cash flow totals $9,775/yr on $125,274 capital. ROI tracks 27.71% on current figures, and rental yield reads 10.5% at a $377,900 purchase. Equity gained on principal adds $2,439/yr, and 5% annual appreciation supports $104,407 over five years. Five-year ROI reaches 145.24% and total cumulative return in cash sums $181,945. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,307/mo property income instead of your personal income.
Single Family
Built in 1966
7,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices