23885 Lee Baker DrSouthfieldMI48075
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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 23885 Lee Baker Dr, Southfield, MI, 48075 offers a 10.08% rental yield on a $238,500 purchase with $2,004/mo rent. Total monthly income registers $2,004/mo, and a $1,167/mo payment leaves $432/mo available for distribution. Annual cash flow reaches $5,179/yr on $79,063 to close, and return on cash invested stands at 26.46% in year one. Equity gained on principal adds $1,539/yr while 5% annual appreciation supports $65,893 over five years. Portfolio math shows five-year ROI at 138.53% and total cumulative return in cash at $109,523. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,004/mo property income against a $1,167/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48075, Southfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,504 (100%) |
| Owner Occupied HU | 6,113 (58.2%) |
| Renter Occupied HU | 3,727 (35.5%) |
| Vacant Housing Units | 664 ( 6.3%) |
| Median Home Value | $253,171 |
| Average Home Value | $298,568 |
Housing Distribution
Address Breakdown
Residential
10,112
Single Family
6,473
Multi-Family
3,639
Businesses
1,720
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Listed by: Christopher L Ayers • @properties Christie's Int'l R.E. Birmingham
Mls Name: Realcomp II
Mls ID: #20251051873