71 Cloveridge DrTroyMI48084
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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 Troy at 71 Cloveridge Dr, Troy, MI, 48084 earns $152/mo cash flow from $1,932/mo rent with a $1,321/mo payment. Total monthly income totals $1,932/mo, and annual cash flow totals $1,826/yr on $89,472 capital. ROI tracks 21.95% on current figures, and rental yield reads 8.59% at a $269,900 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 over five years. Five-year ROI reaches 114.37% and total cumulative return in cash sums $102,330. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,932/mo property income instead of your personal income.
Single Family
Built in 1916
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48084, Troy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,035 (100%) |
| Owner Occupied HU | 3,384 (42.1%) |
| Renter Occupied HU | 4,074 (50.7%) |
| Vacant Housing Units | 577 ( 7.2%) |
| Median Home Value | $444,670 |
| Average Home Value | $492,223 |
Housing Distribution
Address Breakdown
Residential
7,576
Single Family
3,771
Multi-Family
3,805
Businesses
1,786
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