29641 Fairfax StSouthfieldMI48076
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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 Southfield at 29641 Fairfax St, Southfield, MI, 48076 generates $1,399/mo in rent and, after a $905/mo payment, leaves $180/mo in cash flow. Total monthly income is $1,399/mo, and annual cash flow is $2,156/yr on $61,294 invested. Return on cash invested sits at 23.43% in year one, and rental yield is 9.08% on a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 122.25% and total cumulative return in cash sums $74,935. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,399/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
6,534 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: Alan Jay Robinson • Century 21 Curran & Oberski
Mls Name: Realcomp II
Mls ID: #20251035215