32661 Five Mile RdLivoniaMI48154
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
Investment Highlights
Investment property for sale in Livonia at 32661 Five Mile Rd, Livonia, MI, 48154 offers a 9.62% rental yield on a $179,900 purchase with $1,442/mo rent. Total monthly income registers $1,442/mo, and a $881/mo payment leaves $255/mo available for distribution. Annual cash flow reaches $3,062/yr on $59,637 to close, and return on cash invested stands at 25.04% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 130.99% and total cumulative return in cash at $78,117. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,442/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48154, Livonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,551 (100%) |
| Owner Occupied HU | 14,026 (90.2%) |
| Renter Occupied HU | 1,180 ( 7.6%) |
| Vacant Housing Units | 345 ( 2.2%) |
| Median Home Value | $290,881 |
| Average Home Value | $308,328 |
Housing Distribution
Address Breakdown
Residential
15,527
Single Family
14,775
Multi-Family
752
Businesses
645
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