7420 Cavell StWestlandMI48185
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 7420 Cavell St, Westland, MI, 48185 in Westland worth modelling. At $139,900 with a 9.12% gross yield, the $1,063/mo rent leaves $140/mo after the $629/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.69 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $38,652 by year five; $1,288/yr in principal reduction adds further equity. Total projected return: $62,392.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 8.0% |
| Monthly Cash Flow | $140 | $350 |
City averages based on Westland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,063 |
| Total Monthly Debt Service | $867 |
| DSCR Ratio | 1.23x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1961
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1961
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices