18417 NegauneeRedfordMI48240
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow18417 Negaunee, Redford, MI, 48240 in Redford earns its strong cash-flow label: 21.54% yield, $2,816/mo rent, $1,782/mo net income, DSCR 3.99. The $156,900 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $43,349 by year five. Combined with $1,445/yr in principal paydown, total projected return reaches $174,414.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 21.5% | 6.5% |
| Monthly Cash Flow | $1,782 | $150 |
City averages based on Redford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,816 |
| Total Monthly Debt Service | $972 |
| DSCR Ratio | 2.90x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1955
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48240, Redford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,270 (100%) |
| Owner Occupied HU | 4,920 (67.7%) |
| Renter Occupied HU | 2,028 (27.9%) |
| Vacant Housing Units | 322 ( 4.4%) |
| Median Home Value | $129,799 |
| Average Home Value | $163,818 |
Housing Distribution
Address Breakdown
Residential
7,303
Single Family
7,114
Multi-Family
189
Businesses
654
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 1955
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48240, Redford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,270 (100%) |
| Owner Occupied HU | 4,920 (67.7%) |
| Renter Occupied HU | 2,028 (27.9%) |
| Vacant Housing Units | 322 ( 4.4%) |
| Median Home Value | $129,799 |
| Average Home Value | $163,818 |
Housing Distribution
Address Breakdown
Residential
7,303
Single Family
7,114
Multi-Family
189
Businesses
654
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices