20295 Silver Spring 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 20295 Silver Spring Dr, Northville, MI, 48167 listed at $219,900 pairs $2,060/mo rent with a $1,076/mo payment to leave $610/mo cash flow. Total monthly income runs $2,060/mo, and annual cash flow reaches $7,322/yr on $72,897 cash to close. Return on cash invested measures 29.95% in year one, and rental yield registers 11.24% at a $219,900 basis. Equity gained on principal adds $1,419/yr, and annual property appreciation at 5% supports $60,754 by year five. Five-year ROI tracks 157.3% and total cumulative return in cash totals $114,664. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,060/mo property income relative to a $1,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
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 Fader • Joseph Walter Realty, LLC
Mls Name: Realcomp II
Mls ID: #20261001891