39510 Edgewater Dr #100NorthvilleMI48168
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 39510 Edgewater Dr #100, Northville, MI, 48168 in Northville earns a 8.47% gross yield at $449,999. Rent of $3,175/mo nets $208/mo after the $2,023/mo mortgage. The 1.57 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $124,326 and $4,145/yr in equity accumulation project a total cumulative return of $184,788.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.2% |
| Monthly Cash Flow | $208 | $400 |
City averages based on Northville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,175 |
| Total Monthly Debt Service | $2,788 |
| DSCR Ratio | 1.14x |
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.
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
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
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: William Gardner Jr • @properties Christie's Int'l RE Northville
Mls Name: Realcomp II
Mls ID: #20251037756