42488 Corlina DrNorthvilleMI48167
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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 42488 Corlina Dr, Northville, MI, 48167 uses $134,258 cash to close to unlock $4,398/yr annual cash flow and $367/mo monthly cash flow. Total monthly income runs $3,037/mo, and a $1,982/mo payment keeps the spread at $367/mo. Purchase price stands at $405,000, and rental yield measures 9% with $3,037/mo rent. Return on cash invested shows 23.18% in year one, and 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 120.94% and total cumulative return in cash records $162,374. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,037/mo property income covering a $1,982/mo payment rather than investor’s personal income.
Townhouse
Built in 2002
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: Carly Liening • HB Realty Partners
Mls Name: Realcomp II
Mls ID: #20261001412