44701 Ellery LnNoviMI48377
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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 44701 Ellery Ln, Novi, MI, 48377 uses $92,787 cash to close to unlock $4,694/yr annual cash flow and $391/mo monthly cash flow. Total monthly income runs $2,237/mo, and a $1,370/mo payment keeps the spread at $391/mo. Purchase price stands at $279,900, and rental yield measures 9.59% with $2,237/mo rent. Return on cash invested shows 24.97% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 130.53% and total cumulative return in cash records $121,117. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,237/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48377, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,627 (100%) |
| Owner Occupied HU | 4,579 (43.1%) |
| Renter Occupied HU | 5,495 (51.7%) |
| Vacant Housing Units | 553 ( 5.2%) |
| Median Home Value | $371,899 |
| Average Home Value | $391,096 |
Housing Distribution
Address Breakdown
Residential
9,525
Single Family
6,532
Multi-Family
2,993
Businesses
735
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