37674 Colonial 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 37674 Colonial Dr, Westland, MI, 48185 earns $257/mo cash flow from $1,476/mo rent with a $905/mo payment. Total monthly income totals $1,476/mo, and annual cash flow totals $3,080/yr on $61,294 capital. ROI tracks 24.93% on current figures, and rental yield reads 9.58% at a $184,900 purchase. Equity gained on principal adds $1,193/yr, and 5% annual appreciation supports $51,084 over five years. Five-year ROI reaches 130.34% and total cumulative return in cash sums $79,891. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,476/mo property income instead of your personal income.
Condo
Built in 1979
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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