18210 Rainbow Dr, Lathrup Village, MI, 48076 | $1,093/mo Cash Flow

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lathrup Village at 18210 Rainbow Dr, Lathrup Village, MI, 48076 uses $107,738 cash to close to unlock $13,110/yr annual cash flow and $1,093/mo monthly cash flow. Total monthly income runs $3,236/mo, and a $1,591/mo payment keeps the spread at $1,093/mo. Purchase price stands at $325,000, and rental yield measures 11.95% with $3,236/mo rent. Return on cash invested shows 32.08% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 168.63% and total cumulative return in cash records $181,681. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,236/mo property income covering a $1,591/mo payment rather than investor’s personal income.

Single Family

Built in 1969

0.40 Acres 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