3036 Newport CtTroyMI48084
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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 3036 Newport Ct, Troy, MI, 48084 generates $3,811/mo in rent, after a $3,748/mo payment. Total monthly income is $3,811/mo. Return on cash invested sits at 14.16% in year one, and rental yield is 5.97% on a $765,700 entry. Equity gained on principal adds $4,941/yr, while 5% annual appreciation builds toward $211,549 over five years. Five-year ROI reaches 72.52% and total cumulative return in cash sums $182,679. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,811/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
10,018 sqft lot
$N/A/sqft
No 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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