30931 Fernwood StWestlandMI48186
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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
Investment property for sale in Westland at 30931 Fernwood St, Westland, MI, 48186 uses $58,013 cash to close to unlock $2,790/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $1,387/mo, and a $857/mo payment keeps the spread at $233/mo. Purchase price stands at $175,000, and rental yield measures 9.51% with $1,387/mo rent. Return on cash invested shows 24.72% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 129.23% and total cumulative return in cash records $74,971. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,387/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1957
7,840 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
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