24252 Bashian DrNoviMI48375
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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 Novi at 24252 Bashian Dr, Novi, MI, 48375 uses $71,273 cash to close to unlock $6,174/yr annual cash flow and $515/mo monthly cash flow. Total monthly income runs $1,932/mo, and a $1,052/mo payment keeps the spread at $515/mo. Purchase price stands at $215,000, and rental yield measures 10.78% with $1,932/mo rent. Return on cash invested shows 28.57% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 149.87% and total cumulative return in cash records $106,813. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,932/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No 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 |
Housing Distribution
Address Breakdown
Residential
9,696
Single Family
8,824
Multi-Family
872
Businesses
1,150
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