22098 Worcester DrNoviMI48374
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
Investment property for sale in Novi at 22098 Worcester Dr, Novi, MI, 48374 uses $230,300 cash to close to unlock $3,330/yr annual cash flow and $278/mo monthly cash flow. Total monthly income runs $4,931/mo, and a $3,426/mo payment keeps the spread at $278/mo. Purchase price stands at $700,000, and rental yield measures 8.45% with $4,931/mo rent. Return on cash invested shows 21.51% in year one, and 5% annual appreciation builds toward $193,397 over five years. Five-year ROI reaches 111.98% and total cumulative return in cash records $257,896. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,931/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.55 Acres lot
$N/A/sqft
$450 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
