120 Pickford StNoviMI48377
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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 Novi at 120 Pickford St, Novi, MI, 48377 uses $55,361 cash to close to unlock $2,257/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $1,289/mo, and a $817/mo payment keeps the spread at $188/mo. Purchase price stands at $167,000, and rental yield measures 9.26% with $1,289/mo rent. Return on cash invested shows 23.99% in year one, and 5% annual appreciation builds toward $46,139 over five years. Five-year ROI reaches 125.32% and total cumulative return in cash records $69,375. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,289/mo property income covering a $817/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48377, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,627 (100%) |
| Owner Occupied HU | 4,579 (43.1%) |
| Renter Occupied HU | 5,495 (51.7%) |
| Vacant Housing Units | 553 ( 5.2%) |
| Median Home Value | $371,899 |
| Average Home Value | $391,096 |
Housing Distribution
Address Breakdown
Residential
9,525
Single Family
6,532
Multi-Family
2,993
Businesses
735
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