657 River Park Village BlvdNorthvilleMI48167
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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
Investment Highlights
Rental property for sale in Northville at 657 River Park Village Blvd, Northville, MI, 48167 offers $2,333/mo rent that, after a $1,407/mo payment, leaves $437/mo cash flow. Total monthly income is $2,333/mo, and annual cash flow is $5,247/yr on $95,306 cash. Return on cash invested measures 25.41% in year one, and rental yield stands at 9.74% at a $287,500 entry. Equity gained on principal adds $1,855/yr while 5% annual appreciation compounds into $79,431 by year five. Five-year ROI records 132.93% and total cumulative return in cash reaches $126,695. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,333/mo property income versus a $1,407/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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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Nearby investment properties with comparable prices
Listed by: Steven M Potocsky • Real Estate One-Northville
Mls Name: Realcomp II
Mls ID: #20261001938