3724 Horseshoe DrTroyMI48083
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Troy at 3724 Horseshoe Dr, Troy, MI, 48083 uses $140,888 cash to close to unlock $6,018/yr annual cash flow and $502/mo monthly cash flow. Total monthly income runs $3,304/mo, and a $2,080/mo payment keeps the spread at $502/mo. Purchase price stands at $425,000, and rental yield measures 9.33% with $3,304/mo rent. Return on cash invested shows 24.18% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 126.28% and total cumulative return in cash records $177,917. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,304/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48083, Troy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,046 (100%) |
| Owner Occupied HU | 6,520 (59.0%) |
| Renter Occupied HU | 4,099 (37.1%) |
| Vacant Housing Units | 427 ( 3.9%) |
| Median Home Value | $336,116 |
| Average Home Value | $390,799 |
Housing Distribution
Address Breakdown
Residential
10,303
Single Family
8,752
Multi-Family
1,551
Businesses
2,078
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices