26412 Franklin Pointe Dr #1SouthfieldMI48034
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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 Southfield at 26412 Franklin Pointe Dr #1, Southfield, MI, 48034 listed at $173,000 pairs $1,371/mo rent with a $847/mo payment to leave $230/mo cash flow. Total monthly income runs $1,371/mo, and annual cash flow reaches $2,759/yr on $57,350 cash to close. Return on cash invested measures 24.72% in year one, and rental yield registers 9.51% at a $173,000 basis. Equity gained on principal adds $1,116/yr, and annual property appreciation at 5% supports $47,797 by year five. Five-year ROI tracks 129.17% and total cumulative return in cash totals $74,079. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,371/mo property income relative to a $847/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48034, Southfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,670 (100%) |
| Owner Occupied HU | 2,111 (24.3%) |
| Renter Occupied HU | 5,907 (68.1%) |
| Vacant Housing Units | 652 ( 7.5%) |
| Median Home Value | $309,180 |
| Average Home Value | $328,295 |
Housing Distribution
Address Breakdown
Residential
7,640
Single Family
2,985
Multi-Family
4,655
Businesses
881
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Listed by: Desiree Bourgeois • Redfin Corporation
Mls Name: Realcomp II
Mls ID: #20261001346