16260 Mayfair Dr #102SouthfieldMI48075
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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 Southfield at 16260 Mayfair Dr #102, Southfield, MI, 48075 listed at $180,000 pairs $1,422/mo rent with a $881/mo payment to leave $235/mo cash flow. Total monthly income runs $1,422/mo, and annual cash flow reaches $2,820/yr on $59,670 cash to close. Return on cash invested measures 24.63% in year one, and rental yield registers 9.48% at a $180,000 basis. Equity gained on principal adds $1,162/yr, and annual property appreciation at 5% supports $49,731 by year five. Five-year ROI tracks 128.72% and total cumulative return in cash totals $76,805. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,422/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1968
1,742 sqft 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: Erin Bundy • Bynum Ward & Associates
Mls Name: MichRIC
Mls ID: #25053755