27062 Victoria RdNoviMI48374
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 27062 Victoria Rd, Novi, MI, 48374 in Novi earns a 9.03% gross yield at $499,900. Rent of $3,762/mo nets $393/mo after the $2,370/mo mortgage. The 1.59 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $138,113 and $4,191/yr in equity accumulation project a total cumulative return of $211,015.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.1% |
| Monthly Cash Flow | $393 | $1,200 |
City averages based on Novi market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,762 |
| Total Monthly Debt Service | $3,220 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2008
7,405 sqft lot
$N/A/sqft
No 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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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
