11562 Norway DrHartlandMI48353
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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
Investment Highlights
Investment property for sale in Hartland at 11562 Norway Dr, Hartland, MI, 48353 offers a 8.64% rental yield on a $425,000 purchase with $3,061/mo rent. Total monthly income registers $3,061/mo, and a $2,080/mo payment leaves $239/mo available for distribution. Annual cash flow reaches $2,862/yr on $140,888 to close, and return on cash invested stands at 21.94% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 114.34% and total cumulative return in cash at $161,093. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,061/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
8,712 sqft lot
$N/A/sqft
$240 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48353, Hartland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,806 (100%) |
| Owner Occupied HU | 2,421 (86.3%) |
| Renter Occupied HU | 183 ( 6.5%) |
| Vacant Housing Units | 202 ( 7.2%) |
| Median Home Value | $389,725 |
| Average Home Value | $406,369 |
Housing Distribution
Address Breakdown
Residential
2,472
Single Family
2,472
Multi-Family
0
Businesses
308
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