24220 Sunny Point DrSouthfieldMI48033
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 24220 Sunny Point Dr, Southfield, MI, 48033 in Southfield, $210,000, 8.47% gross yield, $97/mo net income. Consider it a market-entry position, the $1,482/mo rent covers the $944/mo payment with a margin, and 5%/yr appreciation is projected to add $58,019 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.57) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $86,275.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.1% |
| Monthly Cash Flow | $97 | $350 |
City averages based on Southfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,482 |
| Total Monthly Debt Service | $1,301 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1955
0.34 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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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
Single Family
Built in 1955
0.34 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Courtney Bates • Front Page Properties
Mls Name: Realcomp II
Mls ID: #20251040694