24765 Cavendish Ave ENoviMI48375
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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 24765 Cavendish Ave E, Novi, MI, 48375 earns from $4,699/mo rent with a $3,818/mo payment. Total monthly income totals $4,699/mo. ROI tracks 17.98% on current figures, and rental yield reads 7.23% at a $780,000 purchase. Equity gained on principal adds $5,033/yr, and 5% annual appreciation supports $215,500 over five years. Five-year ROI reaches 92.99% and total cumulative return in cash sums $238,624. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,699/mo property income instead of your personal income.
Single Family
Built in 2002
0.35 Acres 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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