7304 Gilman StWestlandMI48185
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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 7304 Gilman St, Westland, MI, 48185 listed at $268,777 pairs $2,550/mo rent with a $1,316/mo payment to leave $777/mo cash flow. Total monthly income runs $2,550/mo, and annual cash flow reaches $9,325/yr on $89,100 cash to close. Return on cash invested measures 30.37% in year one, and rental yield registers 11.38% at a $268,777 basis. Equity gained on principal adds $1,734/yr, and annual property appreciation at 5% supports $74,258 by year five. Five-year ROI tracks 159.54% and total cumulative return in cash totals $142,153. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,550/mo property income relative to a $1,316/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
5,227 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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