24697 Pembrooke DrSouthfieldMI48033
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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 Southfield at 24697 Pembrooke Dr, Southfield, MI, 48033 generates $2,909/mo in rent and, after a $2,080/mo payment, leaves $24/mo in cash flow. Total monthly income is $2,909/mo, and annual cash flow is $282/yr on $140,887 invested. Return on cash invested sits at 20.11% in year one, and rental yield is 8.21% on a $424,999 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,419 over five years. Five-year ROI reaches 104.71% and total cumulative return in cash sums $147,520. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,909/mo property income rather than buyer’s personal income.
Condo
Built in 2019
7,405 sqft lot
$N/A/sqft
$83 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Deanna Niemasz • MI Realty Needs
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50171137
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