37621 Newburgh Park CirLivoniaMI48152
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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 Livonia at 37621 Newburgh Park Cir, Livonia, MI, 48152 uses $149,175 cash to close to unlock $16,464/yr annual cash flow and $1,372/mo monthly cash flow. Total monthly income runs $4,690/mo, and a $2,203/mo payment keeps the spread at $1,372/mo. Purchase price stands at $450,000, and rental yield measures 12.51% with $4,690/mo rent. Return on cash invested shows 30.95% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 163.57% and total cumulative return in cash records $244,002. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,690/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48152, Livonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,434 (100%) |
| Owner Occupied HU | 10,736 (79.9%) |
| Renter Occupied HU | 2,337 (17.4%) |
| Vacant Housing Units | 361 ( 2.7%) |
| Median Home Value | $309,223 |
| Average Home Value | $321,786 |
Housing Distribution
Address Breakdown
Residential
13,567
Single Family
11,765
Multi-Family
1,802
Businesses
1,252
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