22565 Sheridan RdNoviMI48375
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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 Novi at 22565 Sheridan Rd, Novi, MI, 48375 uses $159,087 cash to close to unlock $11,798/yr annual cash flow and $983/mo monthly cash flow. Total monthly income runs $4,148/mo, and a $2,349/mo payment keeps the spread at $983/mo. Purchase price stands at $479,900, and rental yield measures 10.37% with $4,148/mo rent. Return on cash invested shows 27.33% in year one, and 5% annual appreciation builds toward $132,588 over five years. Five-year ROI reaches 143.16% and total cumulative return in cash records $227,745. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,148/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Single Family
Built in 1972
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48375, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,826 (100%) |
| Owner Occupied HU | 6,602 (67.2%) |
| Renter Occupied HU | 2,777 (28.3%) |
| Vacant Housing Units | 447 ( 4.5%) |
| Median Home Value | $379,223 |
| Average Home Value | $408,715 |
Housing Distribution
Address Breakdown
Residential
9,696
Single Family
8,824
Multi-Family
872
Businesses
1,150
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