39665 Springwater DrNorthvilleMI48168
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 39665 Springwater Dr, Northville, MI, 48168 in Northville speaks for itself: 11.08% gross on a $370,000 price, generating $3,418/mo in rent and $628/mo in net income after the $1,664/mo debt service. DSCR 2.05, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,532 stacks alongside $102,224 in projected five-year appreciation and $3,408/yr in principal reduction. Projected total cumulative return: $182,866.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.2% |
| Monthly Cash Flow | $628 | $400 |
City averages based on Northville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,418 |
| Total Monthly Debt Service | $2,643 |
| DSCR Ratio | 1.29x |
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 2019
N/A lot
$N/A/sqft
$350 monthly 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 2019
N/A lot
$N/A/sqft
$350 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hiba Bilbeisi • Real Estate One Inc
Mls Name: MichRIC
Mls Provider:
Mls ID: #25038196
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.