19248 Northridge DrNorthvilleMI48167
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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 19248 Northridge Dr, Northville, MI, 48167 earns $397/mo cash flow from $1,814/mo rent with a $1,052/mo payment. Total monthly income totals $1,814/mo, and annual cash flow totals $4,758/yr on $71,273 capital. ROI tracks 26.58% on current figures, and rental yield reads 10.12% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 139.19% and total cumulative return in cash sums $99,205. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,814/mo property income instead of your personal income.
Condo
Built in 1981
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: Scott Rubin • Andover Real Estate dba Houzeo Michigan
Mls Name: Realcomp II
Mls ID: #20261001834