78 Carter AveTroyMI48098
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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 78 Carter Ave, Troy, MI, 48098 uses $165,419 cash to close to unlock $20,792/yr annual cash flow and $1,733/mo monthly cash flow. Total monthly income runs $5,023/mo, and a $2,442/mo payment keeps the spread at $1,733/mo. Purchase price stands at $499,000, and rental yield measures 12.08% with $5,023/mo rent. Return on cash invested shows 32.48% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 170.78% and total cumulative return in cash records $282,498. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,023/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48098, Troy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,543 (100%) |
| Owner Occupied HU | 6,819 (90.4%) |
| Renter Occupied HU | 540 ( 7.2%) |
| Vacant Housing Units | 184 ( 2.4%) |
| Median Home Value | $499,682 |
| Average Home Value | $542,576 |
Housing Distribution
Address Breakdown
Residential
7,478
Single Family
7,288
Multi-Family
190
Businesses
477
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