50944 Sevilla CirNoviMI48374
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 50944 Sevilla Cir, Novi, MI, 48374 in Novi. Priced at $650,000, it generates $6,445/mo in gross rent and $2,119/mo in net monthly cash flow, a 11.9% yield that comfortably supports the 2.20 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $25,425. Five-year appreciation: $179,583. Equity from principal paydown: $5,987/yr. Total projected cumulative return: $384,107.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.1% |
| Monthly Cash Flow | $2,119 | $1,200 |
City averages based on Novi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,445 |
| Total Monthly Debt Service | $4,068 |
| DSCR Ratio | 1.58x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2018
9,583 sqft lot
$N/A/sqft
$40 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48374, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,206 (100%) |
| Owner Occupied HU | 5,357 (86.3%) |
| Renter Occupied HU | 723 (11.7%) |
| Vacant Housing Units | 126 ( 2.0%) |
| Median Home Value | $551,779 |
| Average Home Value | $549,902 |
Housing Distribution
Address Breakdown
Residential
6,194
Single Family
5,652
Multi-Family
542
Businesses
223
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2018
9,583 sqft lot
$N/A/sqft
$40 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48374, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,206 (100%) |
| Owner Occupied HU | 5,357 (86.3%) |
| Renter Occupied HU | 723 (11.7%) |
| Vacant Housing Units | 126 ( 2.0%) |
| Median Home Value | $551,779 |
| Average Home Value | $549,902 |
Housing Distribution
Address Breakdown
Residential
6,194
Single Family
5,652
Multi-Family
542
Businesses
223
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices