5689 Bingham DrTroyMI48085
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 5689 Bingham Dr, Troy, MI, 48085 in Troy at $549,900 earns $3,688/mo in rent and nets $61/mo after the $2,607/mo payment, a 8.05% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $151,927 over five years. Ziffy Mortgage underwrites this on a 1.41 DSCR without U.S. credit history. With $4,610/yr in principal paydown, total projected return reaches $203,141.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 9.0% |
| Monthly Cash Flow | $61 | $300 |
City averages based on Troy market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,688 |
| Total Monthly Debt Service | $3,542 |
| DSCR Ratio | 1.04x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1976
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48085, Troy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,535 (100%) |
| Owner Occupied HU | 8,534 (89.5%) |
| Renter Occupied HU | 823 ( 8.6%) |
| Vacant Housing Units | 178 ( 1.9%) |
| Median Home Value | $410,360 |
| Average Home Value | $442,701 |
Housing Distribution
Address Breakdown
Residential
9,490
Single Family
9,447
Multi-Family
43
Businesses
399
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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
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Nearby investment properties with comparable prices
