774 Natures Cove CtWixomMI48393
Nearby investment properties with comparable rents
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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 774 Natures Cove Ct, Wixom, MI, 48393 priced at $279,900 converts $2,168/mo rent into after a $1,370/mo obligation. Total monthly income equals $2,168/mo. Return on cash invested prints 19.29% in year one, and rental yield reads 9.29% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 101.83% and total cumulative return in cash sums $94,489. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,168/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Condo
Built in 2004
7.26 Acres lot
$N/A/sqft
$370 monthly 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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Nearby investment properties with comparable prices
Listed by: Benny Offer • Keller Williams Realty Lakeside
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50174753
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