2580 SQ FT Concept Plan, TERRANoviMI48374
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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 Novi at 2580 SQ FT Concept Plan, TERRA, Novi, MI, 48374 priced at $1,232,500 pairs $4,774/mo rent with after a $6,032/mo payment. Total monthly income equals $4,774/mo. Return on cash invested is 8.76% in year one, and rental yield stands at 4.65% on a $1,232,500 basis. Equity gained on principal adds $7,953/yr, and 5% annual appreciation accumulates to $340,517 by year five. Five-year ROI measures 44.06% and total cumulative return in cash reaches $175,935. For financing, Ziffy Mortgage’s DSCR program evaluates $4,774/mo property income against a $6,032/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2025
N/A lot
$N/A/sqft
$510 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48374, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,206 (100%) |
| Owner Occupied HU | 5,357 (86.3%) |
| Renter Occupied HU | 723 (11.7%) |
| Vacant Housing Units | 126 ( 2.0%) |
| Median Home Value | $551,779 |
| Average Home Value | $549,902 |
Housing Distribution
Address Breakdown
Residential
6,194
Single Family
5,652
Multi-Family
542
Businesses
223
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