42154 Farragut 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
Investment property for sale in Northville at 42154 Farragut Ct, Northville, MI, 48167 earns $21/mo cash flow from $1,933/mo rent with a $1,419/mo payment. Total monthly income totals $1,933/mo, and annual cash flow totals $252/yr on $96,135 capital. ROI tracks 20.17% on current figures, and rental yield reads 8% at a $290,000 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,122 over five years. Five-year ROI reaches 104.77% and total cumulative return in cash sums $100,720. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,933/mo property income instead of your 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: Jasmine Sheffield • Century 21 Curran & Oberski
Mls Name: Realcomp II
Mls ID: #20261005637