40600 Eight Mile RdNorthvilleMI48167
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
Total monthly income runs $6,732/mo, and a $9,177/mo payment. Purchase price stands at $1,875,000, and rental yield measures 4.31% with $6,732/mo rent. Return on cash invested shows 9.24% in year one, and 5% annual appreciation builds toward $518,028 over five years. Five-year ROI reaches 46.1% and total cumulative return in cash records $280,034. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,732/mo property income covering a $9,177/mo payment rather than investor’s personal income.
Single Family
Built in 2000
1.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48167, Northville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,334 (100%) |
| Owner Occupied HU | 8,259 (72.9%) |
| Renter Occupied HU | 2,529 (22.3%) |
| Vacant Housing Units | 546 ( 4.8%) |
| Median Home Value | $479,730 |
| Average Home Value | $520,960 |
Housing Distribution
Address Breakdown
Residential
10,909
Single Family
9,958
Multi-Family
951
Businesses
828
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mick I Khzouz • Clients First, REALTORS
Mls Name: Realcomp II
Mls ID: #20251050857