21046 Wakedon St,Southfield,MI,48033

Investment Highlights

Rental property for sale in Southfield at 21046 Wakedon St, Southfield, MI, 48033 generates $1,425/mo in rent and, after a $979/mo payment, leaves $106/mo in cash flow. Total monthly income is $1,425/mo, and annual cash flow is $1,272/yr on $66,300 invested. Return on cash invested sits at 21.83% in year one, and rental yield is 8.55% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 113.64% and total cumulative return in cash sums $75,344. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,425/mo property income rather than buyer’s personal income.