41333 Lagoon CtNorthvilleMI48167
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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
Rental property for sale in Northville at 41333 Lagoon Ct, Northville, MI, 48167 generates $2,016/mo in rent and, after a $1,219/mo payment, leaves $374/mo in cash flow. Total monthly income is $2,016/mo, and annual cash flow is $4,484/yr on $82,544 invested. Return on cash invested sits at 25.34% in year one, and rental yield is 9.72% on a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 132.52% and total cumulative return in cash sums $109,388. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,016/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A 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
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Listed by: Audrey C Stefanko • National Realty Centers, Inc
Mls Name: Realcomp II
Mls ID: #20251046137