2223 Charms Ravine DrWixomMI48393
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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 Wixom at 2223 Charms Ravine Dr, Wixom, MI, 48393 with 5% annual appreciation on a $475,500 basis while $4,290/mo rent supports operations. Total monthly income totals $4,290/mo and a $2,327/mo payment preserves $1,095/mo for cash returns. Annual cash flow comes to $13,136/yr on $157,628 deployed, and return on cash invested reaches 28.24% in year one. Equity gained on principal adds $3,068/yr, and five-year appreciation sums $131,372 alongside rental yield of 10.83%. Five-year ROI measures 148.23% and total cumulative return in cash totals $233,648.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,290/mo property income versus a $2,327/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1996
0.49 Acres lot
$N/A/sqft
$720 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48393, Wixom, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,901 (100%) |
| Owner Occupied HU | 4,624 (46.7%) |
| Renter Occupied HU | 4,838 (48.9%) |
| Vacant Housing Units | 439 ( 4.4%) |
| Median Home Value | $347,214 |
| Average Home Value | $353,308 |
Housing Distribution
Address Breakdown
Residential
8,135
Single Family
7,481
Multi-Family
654
Businesses
1,247
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