471 Pattan DrWixomMI48393
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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
Rental property for sale in Wixom at 471 Pattan Dr, Wixom, MI, 48393 generates $3,578/mo in rent and, after a $2,180/mo payment, leaves $641/mo in cash flow. Total monthly income is $3,578/mo, and annual cash flow is $7,692/yr on $147,617 invested. Return on cash invested sits at 25.12% in year one, and rental yield is 9.64% on a $445,300 entry. Equity gained on principal adds $2,873/yr, while 5% annual appreciation builds toward $123,028 over five years. Five-year ROI reaches 131.31% and total cumulative return in cash sums $193,830. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,578/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48393, Wixom, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,901 (100%) |
| Owner Occupied HU | 4,624 (46.7%) |
| Renter Occupied HU | 4,838 (48.9%) |
| Vacant Housing Units | 439 ( 4.4%) |
| Median Home Value | $347,214 |
| Average Home Value | $353,308 |
Housing Distribution
Address Breakdown
Residential
8,135
Single Family
7,481
Multi-Family
654
Businesses
1,247
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