19422 Cardene Ct #19NorthvilleMI48167
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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
Rental property for sale in Northville at 19422 Cardene Ct #19, Northville, MI, 48167 generates $2,251/mo in rent and, after a $686/mo payment, leaves $905/mo in cash flow. Total monthly income is $2,251/mo, and annual cash flow is $10,856/yr on $46,476 invested. Return on cash invested sits at 43.27% in year one, and rental yield is 19.27% on a $140,200 entry. Equity gained on principal adds $905/yr, while 5% annual appreciation builds toward $38,735 over five years. Five-year ROI reaches 232.61% and total cumulative return in cash sums $108,109. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,251/mo property income rather than buyer’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$422 monthly 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: N/A • N/A
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