19201 Surrey LnNorthvilleMI48167
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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 Northville at 19201 Surrey Ln, Northville, MI, 48167 uses $74,588 cash to close to unlock $5,790/yr annual cash flow and $483/mo monthly cash flow. Total monthly income runs $1,966/mo, and a $1,101/mo payment keeps the spread at $483/mo. Purchase price stands at $225,000, and rental yield measures 10.49% with $1,966/mo rent. Return on cash invested shows 27.67% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 145.03% and total cumulative return in cash records $108,177. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,966/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48167, Northville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,334 (100%) |
| Owner Occupied HU | 8,259 (72.9%) |
| Renter Occupied HU | 2,529 (22.3%) |
| Vacant Housing Units | 546 ( 4.8%) |
| Median Home Value | $479,730 |
| Average Home Value | $520,960 |
Housing Distribution
Address Breakdown
Residential
10,909
Single Family
9,958
Multi-Family
951
Businesses
828
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Listed by: Daniel T Novak • Remerica United Realty-Brighton
Mls Name: Realcomp II
Mls ID: #20251057288