20960 Westhampton AveSouthfieldMI48075
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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 Southfield at 20960 Westhampton Ave, Southfield, MI, 48075 uses $84,533 cash to close to unlock $6,378/yr annual cash flow and $532/mo monthly cash flow. Total monthly income runs $2,213/mo, and a $1,248/mo payment keeps the spread at $532/mo. Purchase price stands at $255,000, and rental yield measures 10.41% with $2,213/mo rent. Return on cash invested shows 27.45% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 143.85% and total cumulative return in cash records $121,604. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,213/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1948
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48075, Southfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,504 (100%) |
| Owner Occupied HU | 6,113 (58.2%) |
| Renter Occupied HU | 3,727 (35.5%) |
| Vacant Housing Units | 664 ( 6.3%) |
| Median Home Value | $253,171 |
| Average Home Value | $298,568 |
Housing Distribution
Address Breakdown
Residential
10,112
Single Family
6,473
Multi-Family
3,639
Businesses
1,720
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Listed by: Future D Davis • EXP Realty Main
Mls Name: Realcomp II
Mls ID: #20251062203