11410 LucerneRedfordMI48239
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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 Redford at 11410 Lucerne, Redford, MI, 48239 uses $66,267 cash to close to unlock $8,018/yr annual cash flow and $668/mo monthly cash flow. Total monthly income runs $1,986/mo, and a $978/mo payment keeps the spread at $668/mo. Purchase price stands at $199,900, and rental yield measures 11.92% with $1,986/mo rent. Return on cash invested shows 32.01% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 168.32% and total cumulative return in cash records $111,541. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,986/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1965
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48239, Redford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,269 (100%) |
| Owner Occupied HU | 11,232 (73.6%) |
| Renter Occupied HU | 3,490 (22.9%) |
| Vacant Housing Units | 547 ( 3.6%) |
| Median Home Value | $160,996 |
| Average Home Value | $202,329 |
Housing Distribution
Address Breakdown
Residential
15,044
Single Family
14,336
Multi-Family
708
Businesses
968
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