41450 Mission LnNoviMI48375
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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 Novi at 41450 Mission Ln, Novi, MI, 48375 offers a 5.97% rental yield on a $750,000 purchase with $3,733/mo rent. 16% in year one. Equity gained on principal adds $4,840/yr while 5% annual appreciation supports $207,211 over five years. Portfolio math shows five-year ROI at 72.52% and total cumulative return in cash at $178,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,733/mo property income against a $3,671/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.54 Acres 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
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