5000 Town Ctr SUITE 1404SouthfieldMI48075
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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 Southfield at 5000 Town Ctr SUITE 1404, Southfield, MI, 48075 generates $1,886/mo in rent and, after a $1,096/mo payment, leaves $409/mo in cash flow. Total monthly income is $1,886/mo, and annual cash flow is $4,910/yr on $74,256 invested. Return on cash invested sits at 26.52% in year one, and rental yield is 10.1% on a $224,000 entry. Equity gained on principal adds $1,445/yr, while 5% annual appreciation builds toward $61,887 over five years. Five-year ROI reaches 138.87% and total cumulative return in cash sums $103,123. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,886/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48075, Southfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,504 (100%) |
| Owner Occupied HU | 6,113 (58.2%) |
| Renter Occupied HU | 3,727 (35.5%) |
| Vacant Housing Units | 664 ( 6.3%) |
| Median Home Value | $253,171 |
| Average Home Value | $298,568 |
Housing Distribution
Address Breakdown
Residential
10,112
Single Family
6,473
Multi-Family
3,639
Businesses
1,720
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Listed by: Leslie Ashford • Ashford Realty Company
Mls Name: MichRIC
Mls ID: #25049459