314 Marigold CirWestlandMI48185
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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 Westland at 314 Marigold Cir, Westland, MI, 48185 priced at $196,000 converts $1,530/mo rent into $238/mo cash flow after a $959/mo obligation. Total monthly income equals $1,530/mo, and annual cash flow totals $2,854/yr on $64,974 invested. Return on cash invested prints 24.3% in year one, and rental yield reads 9.37% against a $196,000 entry. Equity gained on principal adds $1,265/yr, while 5% annual appreciation compiles into $54,151 by year five. Five-year ROI reaches 126.94% and total cumulative return in cash sums $82,476. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,530/mo property income covering a $959/mo payment, not borrower’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48185, Westland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,561 (100%) |
| Owner Occupied HU | 12,999 (52.9%) |
| Renter Occupied HU | 10,365 (42.2%) |
| Vacant Housing Units | 1,197 ( 4.9%) |
| Median Home Value | $193,365 |
| Average Home Value | $224,102 |
Housing Distribution
Address Breakdown
Residential
23,580
Single Family
15,783
Multi-Family
7,797
Businesses
1,239
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