28715 Somerset PlLathrup VillageMI48076
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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 Lathrup Village at 28715 Somerset Pl, Lathrup Village, MI, 48076 earns $192/mo cash flow from $2,890/mo rent with a $1,821/mo payment. Total monthly income totals $2,890/mo, and annual cash flow totals $2,304/yr on $123,318 capital. ROI tracks 21.78% on current figures, and rental yield reads 9.32% at a $372,000 purchase. Equity gained on principal adds $2,400/yr, and 5% annual appreciation supports $102,777 over five years. Five-year ROI reaches 114.29% and total cumulative return in cash sums $140,937. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,890/mo property income instead of your personal income.
Single Family
Built in 1951
0.36 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: Michael Weinraub • Vantage Realty Group, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25039071
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.