3005 Castlewood CtWixomMI48393
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow3005 Castlewood Ct, Wixom, MI, 48393 in Wixom earns its strong cash-flow label: 11.63% yield, $5,233/mo rent, $1,631/mo net income, DSCR 2.16. The $539,900 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $149,164 by year five. Combined with $4,973/yr in principal paydown, total projected return reaches $310,813.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 6.0% |
| Monthly Cash Flow | $1,631 | $900 |
City averages based on Wixom market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,233 |
| Total Monthly Debt Service | $3,387 |
| DSCR Ratio | 1.54x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
0.29 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48393, Wixom, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,901 (100%) |
| Owner Occupied HU | 4,624 (46.7%) |
| Renter Occupied HU | 4,838 (48.9%) |
| Vacant Housing Units | 439 ( 4.4%) |
| Median Home Value | $347,214 |
| Average Home Value | $353,308 |
Housing Distribution
Address Breakdown
Residential
8,135
Single Family
7,481
Multi-Family
654
Businesses
1,247
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
Single Family
Built in 2024
0.29 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48393, Wixom, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,901 (100%) |
| Owner Occupied HU | 4,624 (46.7%) |
| Renter Occupied HU | 4,838 (48.9%) |
| Vacant Housing Units | 439 ( 4.4%) |
| Median Home Value | $347,214 |
| Average Home Value | $353,308 |
Housing Distribution
Address Breakdown
Residential
8,135
Single Family
7,481
Multi-Family
654
Businesses
1,247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices