224 Endwell StNoviMI48377
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Novi rentals match the income profile of 224 Endwell St, Novi, MI, 48377. Listed at $264,500, gross rent is $4,188/mo and net cash flow is $2,444/mo, a 19% yield well above national averages. DSCR 3.52 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $73,076 by year five with $2,436/yr in annual principal reduction, projecting $258,071 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19% | 6.1% |
| Monthly Cash Flow | $2,444 | $1,200 |
City averages based on Novi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,188 |
| Total Monthly Debt Service | $1,639 |
| DSCR Ratio | 2.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1957
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48377, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,627 (100%) |
| Owner Occupied HU | 4,579 (43.1%) |
| Renter Occupied HU | 5,495 (51.7%) |
| Vacant Housing Units | 553 ( 5.2%) |
| Median Home Value | $371,899 |
| Average Home Value | $391,096 |
Housing Distribution
Address Breakdown
Residential
9,525
Single Family
6,532
Multi-Family
2,993
Businesses
735
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
Single Family
Built in 1957
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48377, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,627 (100%) |
| Owner Occupied HU | 4,579 (43.1%) |
| Renter Occupied HU | 5,495 (51.7%) |
| Vacant Housing Units | 553 ( 5.2%) |
| Median Home Value | $371,899 |
| Average Home Value | $391,096 |
Housing Distribution
Address Breakdown
Residential
9,525
Single Family
6,532
Multi-Family
2,993
Businesses
735
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices