2875 SQ FT Concept Plan, TERRANoviMI48374
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
Investment Highlights
Investment property for sale in Novi at 2875 SQ FT Concept Plan, TERRA, Novi, MI, 48374 listed at $1,343,500 pairs $5,063/mo rent with a $6,576/mo payment. Total monthly income runs $5,063/mo. Return on cash invested measures 8.5% in year one, and rental yield registers 4.52% at a $1,343,500 basis. Equity gained on principal adds $8,669/yr, and annual property appreciation at 5% supports $371,184 by year five. Five-year ROI tracks 42.61% and total cumulative return in cash totals $185,465. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,063/mo property income relative to a $6,576/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A lot
$N/A/sqft
$510 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48374, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,206 (100%) |
| Owner Occupied HU | 5,357 (86.3%) |
| Renter Occupied HU | 723 (11.7%) |
| Vacant Housing Units | 126 ( 2.0%) |
| Median Home Value | $551,779 |
| Average Home Value | $549,902 |
Housing Distribution
Address Breakdown
Residential
6,194
Single Family
5,652
Multi-Family
542
Businesses
223
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