20998 Westhaven 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 20998 Westhaven Ave, Southfield, MI, 48075 offers a 9.06% rental yield on a $187,000 purchase with $1,412/mo rent. Total monthly income registers $1,412/mo, and a $915/mo payment leaves $179/mo available for distribution. Annual cash flow reaches $2,149/yr on $61,991 to close, and return on cash invested stands at 23.38% in year one. Equity gained on principal adds $1,207/yr while 5% annual appreciation supports $51,665 over five years. Portfolio math shows five-year ROI at 122.04% and total cumulative return in cash at $75,654. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,412/mo property income against a $915/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
0.41 Acres 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: Reginald Perryman • Keller Williams Metro
Mls Name: MichRIC
Mls ID: #26001513