20785 Meadowbrook RdNoviMI48374
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
Investment Highlights
Rental property for sale in Novi at 20785 Meadowbrook Rd, Novi, MI, 48374 generates $8,035/mo in rent and, after a $3,916/mo payment, leaves $2,759/mo in cash flow. Total monthly income is $8,035/mo, and annual cash flow is $33,108/yr on $263,200 invested. Return on cash invested sits at 32.64% in year one, and rental yield is 12.05% on a $799,999 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $221,025 over five years. Five-year ROI reaches 171.6% and total cumulative return in cash sums $451,651. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,035/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48374, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,206 (100%) |
| Owner Occupied HU | 5,357 (86.3%) |
| Renter Occupied HU | 723 (11.7%) |
| Vacant Housing Units | 126 ( 2.0%) |
| Median Home Value | $551,779 |
| Average Home Value | $549,902 |
Housing Distribution
Address Breakdown
Residential
6,194
Single Family
5,652
Multi-Family
542
Businesses
223
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