1240 Charleston Ct #1NorthvilleMI48167
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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 Northville at 1240 Charleston Ct #1, Northville, MI, 48167 generates $3,323/mo in rent and, after a $1,894/mo payment, leaves $442/mo in cash flow. Total monthly income is $3,323/mo, and annual cash flow is $5,305/yr on $128,291 invested. Return on cash invested sits at 24.04% in year one, and rental yield is 10.3% on a $387,000 entry. Equity gained on principal adds $2,497/yr, while 5% annual appreciation builds toward $106,921 over five years. Five-year ROI reaches 126.69% and total cumulative return in cash sums $162,530. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,323/mo property income rather than buyer’s personal income.
Condo
Built in 1984
10.81 Acres lot
$N/A/sqft
$329 monthly 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
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Listed by: N/A • N/A
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