42258 Norwood 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 42258 Norwood Ct, Northville, MI, 48167 offers a 8.96% rental yield on a $299,900 purchase with $2,239/mo rent. Total monthly income registers $2,239/mo, and a $1,468/mo payment leaves $261/mo available for distribution. Annual cash flow reaches $3,134/yr on $99,417 to close, and return on cash invested stands at 23.06% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 120.3% and total cumulative return in cash at $119,596. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,239/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Danny Dedic • EXP Realty Main
Mls Name: Realcomp II
Mls ID: #20251047973