37092 Gilchrist 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
Rental property for sale in Westland at 37092 Gilchrist St, Westland, MI, 48186 generates $1,817/mo in rent and, after a $1,223/mo payment, leaves $169/mo in cash flow. Total monthly income is $1,817/mo, and annual cash flow is $2,030/yr on $82,842 invested. Return on cash invested sits at 22.36% in year one, and rental yield is 8.73% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 116.57% and total cumulative return in cash sums $96,566. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,817/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
6,969 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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