903 Spring DrNorthvilleMI48167
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
Rental property for sale in Northville at 903 Spring Dr, Northville, MI, 48167 offers $4,906/mo rent that, after a $4,038/mo payment. Total monthly income is $4,906/mo. Return on cash invested measures 17.7% in year one, and rental yield stands at 7.14% at a $825,000 entry. Equity gained on principal adds $5,324/yr while 5% annual appreciation compounds into $227,932 by year five. Five-year ROI records 91.48% and total cumulative return in cash reaches $248,313. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,906/mo property income versus a $4,038/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.49 Acres 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: E Shawn Riley • Coldwell Banker Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24042492
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.