29870 Lacy DrWestlandMI48186
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 Westland at 29870 Lacy Dr, Westland, MI, 48186 listed at $339,943 pairs $2,280/mo rent with a $1,664/mo payment to leave $38/mo cash flow. Total monthly income runs $2,280/mo, and annual cash flow reaches $457/yr on $112,691 cash to close. Return on cash invested measures 20.31% in year one, and rental yield registers 8.05% at a $339,943 basis. Equity gained on principal adds $2,194/yr, and annual property appreciation at 5% supports $93,920 by year five. Five-year ROI tracks 105.58% and total cumulative return in cash totals $118,980. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,280/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48186, Westland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,869 (100%) |
| Owner Occupied HU | 9,933 (66.8%) |
| Renter Occupied HU | 4,216 (28.4%) |
| Vacant Housing Units | 720 ( 4.8%) |
| Median Home Value | $176,469 |
| Average Home Value | $205,720 |
Housing Distribution
Address Breakdown
Residential
14,625
Single Family
13,228
Multi-Family
1,397
Businesses
401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices