21008 Torbay DrNorthvilleMI48167
Nearby investment properties with comparable rents
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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 21008 Torbay Dr, Northville, MI, 48167 generates $5,543/mo in rent, after a $6,953/mo payment. Total monthly income is $5,543/mo. Return on cash invested sits at 9.88% in year one, and rental yield is 4.68% on a $1,420,600 entry. Equity gained on principal adds $9,167/yr, while 5% annual appreciation builds toward $392,486 over five years. Five-year ROI reaches 49.67% and total cumulative return in cash sums $228,631. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,543/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
$200 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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