846 Southwick CtOaklandMI48363
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
Investment Highlights
Investment property for sale in Oakland at 846 Southwick Ct, Oakland, MI, 48363 offers a 8.32% rental yield on a $1,025,000 purchase with $7,104/mo rent. Total monthly income registers $7,104/mo, and a $5,017/mo payment leaves $180/mo available for distribution. Annual cash flow reaches $2,154/yr on $332,100 to close, and return on cash invested stands at 21.02% in year one. Equity gained on principal adds $6,614/yr while 5% annual appreciation supports $283,189 over five years. Portfolio math shows five-year ROI at 109.46% and total cumulative return in cash at $363,508. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,104/mo property income against a $5,017/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2016
0.35 Acres lot
$N/A/sqft
$165 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48363, Oakland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,675 (100%) |
| Owner Occupied HU | 2,551 (95.4%) |
| Renter Occupied HU | 86 ( 3.2%) |
| Vacant Housing Units | 38 ( 1.4%) |
| Median Home Value | $576,031 |
| Average Home Value | $594,939 |
Housing Distribution
Address Breakdown
Residential
2,650
Single Family
2,298
Multi-Family
352
Businesses
15
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