1069 Grace CtNorthvilleMI48167
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1069 Grace Ct, Northville, MI, 48167 in Northville. Priced at $500,000, it generates $5,608/mo in gross rent and $2,310/mo in net monthly cash flow, a 13.46% yield that comfortably supports the 2.49 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $27,724. Five-year appreciation: $138,141. Equity from principal paydown: $4,605/yr. Total projected cumulative return: $339,171.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.5% | 6.2% |
| Monthly Cash Flow | $2,310 | $400 |
City averages based on Northville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,608 |
| Total Monthly Debt Service | $3,098 |
| DSCR Ratio | 1.81x |
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 1966
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48167, Northville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,334 (100%) |
| Owner Occupied HU | 8,259 (72.9%) |
| Renter Occupied HU | 2,529 (22.3%) |
| Vacant Housing Units | 546 ( 4.8%) |
| Median Home Value | $479,730 |
| Average Home Value | $520,960 |
Housing Distribution
Address Breakdown
Residential
10,909
Single Family
9,958
Multi-Family
951
Businesses
828
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 1966
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48167, Northville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,334 (100%) |
| Owner Occupied HU | 8,259 (72.9%) |
| Renter Occupied HU | 2,529 (22.3%) |
| Vacant Housing Units | 546 ( 4.8%) |
| Median Home Value | $479,730 |
| Average Home Value | $520,960 |
Housing Distribution
Address Breakdown
Residential
10,909
Single Family
9,958
Multi-Family
951
Businesses
828
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices