38530 Terry LnWestlandMI48185
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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 38530 Terry Ln, Westland, MI, 48185 generates $1,560/mo in rent, after a $1,786/mo payment. Total monthly income is $1,560/mo. Return on cash invested sits at 11.51% in year one, and rental yield is 5.13% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 58.37% and total cumulative return in cash sums $70,627. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
6,534 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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