23500 Coventry Woods LnSouthfieldMI48034
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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 23500 Coventry Woods Ln, Southfield, MI, 48034 listed at $485,000 pairs $3,942/mo rent with a $2,374/mo payment to leave $744/mo cash flow. Total monthly income runs $3,942/mo, and annual cash flow reaches $8,922/yr on $160,778 cash to close. Return on cash invested measures 25.46% in year one, and rental yield registers 9.75% at a $485,000 basis. Equity gained on principal adds $3,130/yr, and annual property appreciation at 5% supports $133,997 by year five. Five-year ROI tracks 133.15% and total cumulative return in cash totals $214,070. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,942/mo property income relative to a $2,374/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
0.35 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: Jillian Gallant • Keller Williams Advantage
Mls Name: Realcomp II
Mls ID: #20251055455