Zip Code 48098 — Troy, MI
🔴WEAK— appreciation play onlyCap Rate
2.1%
Monthly Cash Flow
-$2,113
Median Home Price
$589,688
DSCR
0.33
Fair Market Rents
- Studio
- $1,310/mo
- 1 Bedroom
- $1,450/mo
- 2 Bedroom
- $1,840/mo
- 3 Bedroom
- $2,270/mo
- 4 Bedroom
- $2,450/mo
Investment Metrics
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -18.7%
- Price-to-Rent Ratio
- 21.6
- 1% Rule
- 0.38%
- Gross Rent Multiplier
- 21.6
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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