32238 Meridian DrWestlandMI48185
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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 32238 Meridian Dr, Westland, MI, 48185 uses $155,805 cash to close to unlock $3,504/yr annual cash flow and $292/mo monthly cash flow. Total monthly income runs $3,391/mo, and a $2,300/mo payment keeps the spread at $292/mo. Purchase price stands at $470,000, and rental yield measures 8.66% with $3,391/mo rent. Return on cash invested shows 22.16% in year one, and 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 115.43% and total cumulative return in cash records $179,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,391/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Single Family
Built in 2022
7,405 sqft 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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