17537 Roseland BlvdLathrup VillageMI48076
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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 Lathrup Village at 17537 Roseland Blvd, Lathrup Village, MI, 48076 offers a 9.09% rental yield on a $415,000 purchase with $3,145/mo rent. Total monthly income registers $3,145/mo, and a $2,031/mo payment leaves $409/mo available for distribution. Annual cash flow reaches $4,902/yr on $137,573 to close, and return on cash invested stands at 23.47% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 122.49% and total cumulative return in cash at $168,513. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,145/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48076, Southfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,404 (100%) |
| Owner Occupied HU | 8,138 (71.4%) |
| Renter Occupied HU | 2,845 (24.9%) |
| Vacant Housing Units | 421 ( 3.7%) |
| Median Home Value | $263,247 |
| Average Home Value | $282,492 |
Housing Distribution
Address Breakdown
Residential
11,096
Single Family
9,196
Multi-Family
1,900
Businesses
1,364
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Listed by: Edinam Moten • Bridge Cross Realty
Mls Name: Realcomp II
Mls ID: #20251046881