28710 Castlegate DrSouthfieldMI48034
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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 28710 Castlegate Dr, Southfield, MI, 48034 uses $140,888 cash to close to unlock $5,250/yr annual cash flow and $438/mo monthly cash flow. Total monthly income runs $3,240/mo, and a $2,080/mo payment keeps the spread at $438/mo. Purchase price stands at $425,000, and rental yield measures 9.15% with $3,240/mo rent. Return on cash invested shows 23.64% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 123.36% and total cumulative return in cash records $173,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,240/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1998
10,454 sqft 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: LaTina Lyle • EXP Realty
Mls Name: Realcomp II
Mls ID: #20261001250