55094 Westchester Dr #36UticaMI48316
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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 Utica at 55094 Westchester Dr #36, Utica, MI, 48316 uses $71,239 cash to close to unlock $8,180/yr annual cash flow and $682/mo monthly cash flow. Total monthly income runs $2,099/mo, and a $1,052/mo payment keeps the spread at $682/mo. Purchase price stands at $214,900, and rental yield measures 11.72% with $2,099/mo rent. Return on cash invested shows 31.39% in year one, and 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 164.97% and total cumulative return in cash records $117,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,099/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48316, Utica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,054 (100%) |
| Owner Occupied HU | 9,236 (76.6%) |
| Renter Occupied HU | 2,342 (19.4%) |
| Vacant Housing Units | 476 ( 3.9%) |
| Median Home Value | $414,600 |
| Average Home Value | $442,483 |
Housing Distribution
Address Breakdown
Residential
12,138
Single Family
11,179
Multi-Family
959
Businesses
597
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