16371 Mulberry WayNorthvilleMI48168
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 16371 Mulberry Way, Northville, MI, 48168 in Northville. Rental yield 6.83%. The 1.26 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $174,057 and $5,802/yr in principal reduction project total return of $195,440.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.8% | 6.2% |
| Monthly Cash Flow | $(694) | $400 |
City averages based on Northville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,579 |
| Total Monthly Debt Service | $4,029 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
8,276 sqft lot
$N/A/sqft
$1,500 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2005
8,276 sqft lot
$N/A/sqft
$1,500 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Keisuke Takemoto • MKT Homes, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25020365
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.