3226 Wendover RdTroyMI48084
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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 3226 Wendover Rd, Troy, MI, 48084 priced at $559,000 converts $3,668/mo rent into after a $2,736/mo obligation. Total monthly income equals $3,668/mo. Return on cash invested prints 19.94% in year one, and rental yield reads 7.87% against a $559,000 entry. Equity gained on principal adds $3,607/yr, while 5% annual appreciation compiles into $154,441 by year five. Five-year ROI reaches 103.51% and total cumulative return in cash sums $190,371. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,668/mo property income covering a $2,736/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.47 Acres 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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