236 Norman Dr #718HighlandMI48357
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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
Rental property for sale in Highland at 236 Norman Dr #718, Highland, MI, 48357 generates $833/mo in rent and, after a $529/mo payment, leaves $120/mo in cash flow. Total monthly income is $833/mo, and annual cash flow is $1,445/yr on $35,800 invested. Return on cash invested sits at 23.95% in year one, and rental yield is 9.26% on a $107,995 entry. Equity gained on principal adds $697/yr, while 5% annual appreciation builds toward $29,837 over five years. Five-year ROI reaches 125.11% and total cumulative return in cash sums $44,790. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $833/mo property income rather than buyer’s personal income.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48357, Highland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,861 (100%) |
| Owner Occupied HU | 3,374 (87.4%) |
| Renter Occupied HU | 317 ( 8.2%) |
| Vacant Housing Units | 170 ( 4.4%) |
| Median Home Value | $414,201 |
| Average Home Value | $442,907 |
Housing Distribution
Address Breakdown
Residential
3,651
Single Family
3,651
Multi-Family
0
Businesses
487
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