23223 Bellwood DrSouthfieldMI48034
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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 Southfield at 23223 Bellwood Dr, Southfield, MI, 48034 offers a 7.08% rental yield on a $699,999 purchase with $4,132/mo rent. 54% in year one. Equity gained on principal adds $4,517/yr while 5% annual appreciation supports $193,397 over five years. Portfolio math shows five-year ROI at 90.62% and total cumulative return in cash at $208,707. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,132/mo property income against a $3,426/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.34 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
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Listed by: Scott Rosati • Home Realty Partners
Mls Name: Realcomp II
Mls ID: #20251057740