40705 Newport DrPlymouthMI48170
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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 Plymouth at 40705 Newport Dr, Plymouth, MI, 48170 uses $75,416 cash to close to unlock $7,035/yr annual cash flow and $586/mo monthly cash flow. Total monthly income runs $2,086/mo, and a $1,114/mo payment keeps the spread at $586/mo. Purchase price stands at $227,500, and rental yield measures 11% with $2,086/mo rent. Return on cash invested shows 29.24% in year one, and 5% annual appreciation builds toward $62,854 over five years. Five-year ROI reaches 153.45% and total cumulative return in cash records $115,730. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,086/mo property income covering a $1,114/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48170, Plymouth, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,462 (100%) |
| Owner Occupied HU | 14,027 (76.0%) |
| Renter Occupied HU | 3,805 (20.6%) |
| Vacant Housing Units | 630 ( 3.4%) |
| Median Home Value | $408,390 |
| Average Home Value | $452,148 |
Housing Distribution
Address Breakdown
Residential
18,362
Single Family
15,953
Multi-Family
2,409
Businesses
2,256
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