28717 Quarry CtNoviMI48377
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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
Rental property for sale in Novi at 28717 Quarry Ct, Novi, MI, 48377 generates $3,575/mo in rent and, after a $2,344/mo payment, leaves $382/mo in cash flow. Total monthly income is $3,575/mo, and annual cash flow is $4,585/yr on $158,789 invested. Return on cash invested sits at 22.8% in year one, and rental yield is 8.96% on a $479,000 entry. Equity gained on principal adds $3,091/yr, while 5% annual appreciation builds toward $132,339 over five years. Five-year ROI reaches 118.97% and total cumulative return in cash sums $188,919. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,575/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
0.29 Acres lot
$N/A/sqft
$415 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48377, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,627 (100%) |
| Owner Occupied HU | 4,579 (43.1%) |
| Renter Occupied HU | 5,495 (51.7%) |
| Vacant Housing Units | 553 ( 5.2%) |
| Median Home Value | $371,899 |
| Average Home Value | $391,096 |
Housing Distribution
Address Breakdown
Residential
9,525
Single Family
6,532
Multi-Family
2,993
Businesses
735
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