15602 Stone Crossing DrSouthfieldMI48075
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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 Southfield at 15602 Stone Crossing Dr, Southfield, MI, 48075 generates $1,398/mo in rent and, after a $876/mo payment, leaves $218/mo in cash flow. Total monthly income is $1,398/mo, and annual cash flow is $2,612/yr on $59,339 invested. Return on cash invested sits at 24.31% in year one, and rental yield is 9.37% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 127% and total cumulative return in cash sums $75,363. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,398/mo property income rather than buyer’s personal income.
Condo
Built in 2004
9.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48075, Southfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,504 (100%) |
| Owner Occupied HU | 6,113 (58.2%) |
| Renter Occupied HU | 3,727 (35.5%) |
| Vacant Housing Units | 664 ( 6.3%) |
| Median Home Value | $253,171 |
| Average Home Value | $298,568 |
Housing Distribution
Address Breakdown
Residential
10,112
Single Family
6,473
Multi-Family
3,639
Businesses
1,720
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Listed by: Hathal Taie • My Fair Realty
Mls Name: MichRIC
Mls ID: #25061071