29773 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
Investment property for sale in Southfield at 29773 Fairfax St, Southfield, MI, 48076 uses $76,245 cash to close to unlock $1,596/yr annual cash flow and $133/mo monthly cash flow. Total monthly income runs $1,650/mo, and a $1,126/mo payment keeps the spread at $133/mo. Purchase price stands at $230,000, and rental yield measures 8.61% with $1,650/mo rent. Return on cash invested shows 22% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 114.59% and total cumulative return in cash records $87,367. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,650/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1959
6,098 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: Erica Kohler • @properties Christie's Int'l
Mls Name: MichRIC
Mls ID: #25037185