1349 MarigaNoviMI48374
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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 1349 Mariga, Novi, MI, 48374 uses $34,807 cash to close to unlock $1,134/yr annual cash flow and $95/mo monthly cash flow. Total monthly income runs $787/mo, and a $514/mo payment keeps the spread at $95/mo. Purchase price stands at $104,999, and rental yield measures 8.99% with $787/mo rent. Return on cash invested shows 23.17% in year one, and 5% annual appreciation builds toward $29,009 over five years. Five-year ROI reaches 120.94% and total cumulative return in cash records $42,097. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $787/mo property income covering a $514/mo payment rather than investor’s personal income.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48374, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,206 (100%) |
| Owner Occupied HU | 5,357 (86.3%) |
| Renter Occupied HU | 723 (11.7%) |
| Vacant Housing Units | 126 ( 2.0%) |
| Median Home Value | $551,779 |
| Average Home Value | $549,902 |
Housing Distribution
Address Breakdown
Residential
6,194
Single Family
5,652
Multi-Family
542
Businesses
223
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