28730 Ranchwood DrSouthfieldMI48076
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 28730 Ranchwood Dr, Southfield, MI, 48076 in Southfield hard to pass up. The 11.22% gross yield on a $250,000 purchase results in $2,338/mo in rent and $689/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.08). Annual cash flow of $8,268, five-year appreciation of $69,070, and $2,303/yr in equity build-up combine for a projected total cumulative return of $139,609.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.1% |
| Monthly Cash Flow | $689 | $350 |
City averages based on Southfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,338 |
| Total Monthly Debt Service | $1,549 |
| DSCR Ratio | 1.51x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1953
0.55 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1953
0.55 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Realcomp II
Mls ID: #20261016484