22515 Kenwyck DrSouthfieldMI48034
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 22515 Kenwyck Dr, Southfield, MI, 48034 offers a 9.84% rental yield on a $375,000 purchase with $3,074/mo rent. Total monthly income registers $3,074/mo, and a $1,835/mo payment leaves $602/mo available for distribution. Annual cash flow reaches $7,218/yr on $124,313 to close, and return on cash invested stands at 25.72% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 134.52% and total cumulative return in cash at $167,223. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,074/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.27 Acres 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: Mike Sher • Max Broock, REALTORS-Bloomfield Hills
Mls Name: Realcomp II
Mls ID: #20251021453