1 Fredericksburg Towne St #1SouthfieldMI48075
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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
Rental property for sale in Southfield at 1 Fredericksburg Towne St #1, Southfield, MI, 48075 priced at $179,000 pairs $1,368/mo rent with $188/mo cash flow after a $876/mo payment. Total monthly income equals $1,368/mo, and annual cash flow comes to $2,252/yr on $59,339 invested. Return on cash invested is 23.7% in year one, and rental yield stands at 9.17% on a $179,000 basis. Equity gained on principal adds $1,155/yr, and 5% annual appreciation accumulates to $49,454 by year five. Five-year ROI measures 123.75% and total cumulative return in cash reaches $73,431. For financing, Ziffy Mortgage’s DSCR program evaluates $1,368/mo property income against a $876/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48075, Southfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,504 (100%) |
| Owner Occupied HU | 6,113 (58.2%) |
| Renter Occupied HU | 3,727 (35.5%) |
| Vacant Housing Units | 664 ( 6.3%) |
| Median Home Value | $253,171 |
| Average Home Value | $298,568 |
Housing Distribution
Address Breakdown
Residential
10,112
Single Family
6,473
Multi-Family
3,639
Businesses
1,720
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Listed by: Renae Palmer • Real Estate Management Specialists Inc
Mls Name: Realcomp II
Mls ID: #20261004077