156 N Center St UNIT 301NorthvilleMI48167
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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 Northville at 156 N Center St UNIT 301, Northville, MI, 48167 uses $205,625 cash to close to unlock $5,274/yr annual cash flow and $440/mo monthly cash flow. Total monthly income runs $4,561/mo, and a $3,059/mo payment keeps the spread at $440/mo. Purchase price stands at $625,000, and rental yield measures 8.76% with $4,561/mo rent. Return on cash invested shows 22.63% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 117.92% and total cumulative return in cash records $242,473. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,561/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
No 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: Angela Jaafar • RE/MAX Dream Properties
Mls Name: Realcomp II
Mls ID: #20251050124