8900 Perrin StLivoniaMI48150
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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
Investment property for sale in Livonia at 8900 Perrin St, Livonia, MI, 48150 uses $87,847 cash to close to unlock $6,558/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $2,294/mo, and a $1,297/mo payment keeps the spread at $547/mo. Purchase price stands at $264,999, and rental yield measures 10.39% with $2,294/mo rent. Return on cash invested shows 27.37% in year one, and 5% annual appreciation builds toward $73,214 over five years. Five-year ROI reaches 143.41% and total cumulative return in cash records $125,979. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,294/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1956
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48150, Livonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,263 (100%) |
| Owner Occupied HU | 9,728 (86.4%) |
| Renter Occupied HU | 1,250 (11.1%) |
| Vacant Housing Units | 285 ( 2.5%) |
| Median Home Value | $231,653 |
| Average Home Value | $252,934 |
Housing Distribution
Address Breakdown
Residential
11,484
Single Family
11,195
Multi-Family
289
Businesses
2,004
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