22344 N Twelve Mile RdSouthfieldMI48034
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 Southfield at 22344 N Twelve Mile Rd, Southfield, MI, 48034 earns $211/mo cash flow from $1,200/mo rent with a $734/mo payment. Total monthly income totals $1,200/mo, and annual cash flow totals $2,532/yr on $49,725 capital. ROI tracks 25% on current figures, and rental yield reads 9.6% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 130.64% and total cumulative return in cash sums $64,962. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,200/mo property income instead of your personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48034, Southfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,670 (100%) |
| Owner Occupied HU | 2,111 (24.3%) |
| Renter Occupied HU | 5,907 (68.1%) |
| Vacant Housing Units | 652 ( 7.5%) |
| Median Home Value | $309,180 |
| Average Home Value | $328,295 |
Housing Distribution
Address Breakdown
Residential
7,640
Single Family
2,985
Multi-Family
4,655
Businesses
881
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vanessa Stovall • Community Choice Realty Inc
Mls Name: Realcomp II
Mls ID: #20251025176