16940 Jeanette StSouthfieldMI48075
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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 16940 Jeanette St, Southfield, MI, 48075 uses $197,400 cash to close to unlock $3,948/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $4,286/mo, and a $2,937/mo payment keeps the spread at $329/mo. Purchase price stands at $600,000, and rental yield measures 8.57% with $4,286/mo rent. Return on cash invested shows 22.06% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 114.87% and total cumulative return in cash records $226,752. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,286/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.25 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: Jeffery Mifsud • Buyers First Realty LLC
Mls Name: MichRIC
Mls ID: #25060606