23810 Harvest Dr, Novi, MI, 48375 | 7.33% Rental Yield

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Novi at 23810 Harvest Dr, Novi, MI, 48375 offers a 7.33% rental yield on a $481,400 purchase with $2,941/mo rent. 09% in year one. Equity gained on principal adds $3,106/yr while 5% annual appreciation supports $133,002 over five years. Portfolio math shows five-year ROI at 93.66% and total cumulative return in cash at $149,472. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,941/mo property income against a $2,356/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1983

10,019 sqft lot

$N/A/sqft

$8 monthly 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