2909 Summers PlTroyMI48084
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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 2909 Summers Pl, Troy, MI, 48084 earns from $3,672/mo rent with a $2,545/mo payment. Total monthly income totals $3,672/mo. ROI tracks 20.02% on current figures, and rental yield reads 8.47% at a $520,000 purchase. Equity gained on principal adds $3,355/yr, and 5% annual appreciation supports $143,666 over five years. Five-year ROI reaches 104.56% and total cumulative return in cash sums $178,883. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,672/mo property income instead of your personal income.
Condo
Built in 2022
1 Acres lot
$N/A/sqft
$249 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48084, Troy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,035 (100%) |
| Owner Occupied HU | 3,384 (42.1%) |
| Renter Occupied HU | 4,074 (50.7%) |
| Vacant Housing Units | 577 ( 7.2%) |
| Median Home Value | $444,670 |
| Average Home Value | $492,223 |
Housing Distribution
Address Breakdown
Residential
7,576
Single Family
3,771
Multi-Family
3,805
Businesses
1,786
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