29077 Tiffany Dr WSouthfieldMI48034
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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 29077 Tiffany Dr W, Southfield, MI, 48034 uses $65,637 cash to close to unlock $3,125/yr annual cash flow and $260/mo monthly cash flow. Total monthly income runs $1,566/mo, and a $969/mo payment keeps the spread at $260/mo. Purchase price stands at $198,000, and rental yield measures 9.49% with $1,566/mo rent. Return on cash invested shows 24.67% in year one, and 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 128.95% and total cumulative return in cash records $84,640. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,566/mo property income covering a $969/mo payment rather than investor’s personal income.
Condo
Built in 1974
1.79 Acres 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: Ellen Obsum • Coldwell Banker Professionals
Mls Name: MichRIC
Mls ID: #25055986