40209 Oak Tree RdNoviMI48375
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 Novi at 40209 Oak Tree Rd, Novi, MI, 48375 uses $150,833 cash to close to unlock $6,858/yr annual cash flow and $572/mo monthly cash flow. Total monthly income runs $3,572/mo, and a $2,227/mo payment keeps the spread at $572/mo. Purchase price stands at $455,000, and rental yield measures 9.42% with $3,572/mo rent. Return on cash invested shows 24.46% in year one, and 5% annual appreciation builds toward $125,708 over five years. Five-year ROI reaches 127.76% and total cumulative return in cash records $192,700. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,572/mo property income covering a $2,227/mo payment rather than investor’s personal income.
Single Family
Built in 1993
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48375, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,826 (100%) |
| Owner Occupied HU | 6,602 (67.2%) |
| Renter Occupied HU | 2,777 (28.3%) |
| Vacant Housing Units | 447 ( 4.5%) |
| Median Home Value | $379,223 |
| Average Home Value | $408,715 |
Housing Distribution
Address Breakdown
Residential
9,696
Single Family
8,824
Multi-Family
872
Businesses
1,150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices