3760 Southwick DrHowellMI48843
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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 Howell at 3760 Southwick Dr, Howell, MI, 48843 offers a 9.93% rental yield on a $149,900 purchase with $1,241/mo rent. Total monthly income registers $1,241/mo, and a $734/mo payment leaves $251/mo available for distribution. Annual cash flow reaches $3,016/yr on $49,692 to close, and return on cash invested stands at 25.98% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 135.98% and total cumulative return in cash at $67,571. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,241/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1960
7,405 sqft lot
$N/A/sqft
$10 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48843, Howell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,156 (100%) |
| Owner Occupied HU | 15,805 (78.4%) |
| Renter Occupied HU | 3,715 (18.4%) |
| Vacant Housing Units | 636 ( 3.2%) |
| Median Home Value | $367,579 |
| Average Home Value | $397,756 |
Housing Distribution
Address Breakdown
Residential
19,681
Single Family
18,246
Multi-Family
1,435
Businesses
1,098
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Listed by: Adam E Abt • NextHome Inspire
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50172955
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