28080 Pierce StSouthfieldMI48076
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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 28080 Pierce St, Southfield, MI, 48076 listed at $289,000 pairs $2,868/mo rent with a $1,415/mo payment to leave $962/mo cash flow. Total monthly income runs $2,868/mo, and annual cash flow reaches $11,540/yr on $95,804 cash to close. Return on cash invested measures 31.95% in year one, and rental yield registers 11.91% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 167.97% and total cumulative return in cash totals $160,922. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,868/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48076, Southfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,404 (100%) |
| Owner Occupied HU | 8,138 (71.4%) |
| Renter Occupied HU | 2,845 (24.9%) |
| Vacant Housing Units | 421 ( 3.7%) |
| Median Home Value | $263,247 |
| Average Home Value | $282,492 |
Housing Distribution
Address Breakdown
Residential
11,096
Single Family
9,196
Multi-Family
1,900
Businesses
1,364
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Listed by: John McArdle • Remerica Hometown One
Mls Name: MichRIC
Mls ID: #25044738