29224 Southgate DrSouthfieldMI48076
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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 29224 Southgate Dr, Southfield, MI, 48076 earns $777/mo cash flow from $2,260/mo rent with a $1,101/mo payment. Total monthly income totals $2,260/mo, and annual cash flow totals $9,318/yr on $74,588 capital. ROI tracks 32.4% on current figures, and rental yield reads 12.05% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 170.39% and total cumulative return in cash sums $127,089. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,260/mo property income instead of your personal income.
Single Family
Built in 1956
10,018 sqft 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: Jyoti Gupta • New Michigan Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24039307
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.