149 N Haven 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
Rental property for sale in Novi at 149 N Haven St, Novi, MI, 48377 priced at $414,900 converts $3,868/mo rent into $1,132/mo cash flow after a $2,031/mo obligation. Total monthly income equals $3,868/mo, and annual cash flow totals $13,580/yr on $137,539 invested. Return on cash invested prints 29.78% in year one, and rental yield reads 11.19% against a $414,900 entry. Equity gained on principal adds $2,677/yr, while 5% annual appreciation compiles into $114,629 by year five. Five-year ROI reaches 156.32% and total cumulative return in cash sums $215,006. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,868/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 1955
9,147 sqft 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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