924 Carrington DrNorthvilleMI48167
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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 Northville at 924 Carrington Dr, Northville, MI, 48167 uses $263,167 cash to close to unlock $8,630/yr annual cash flow and $719/mo monthly cash flow. Total monthly income runs $5,994/mo, and a $3,915/mo payment keeps the spread at $719/mo. Purchase price stands at $799,900, and rental yield measures 8.99% with $5,994/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $220,998 over five years. Five-year ROI reaches 121.75% and total cumulative return in cash records $320,412. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,994/mo property income covering a $3,915/mo payment rather than investor’s personal income.
Single Family
Built in 2025
7,840 sqft 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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Listed by: Nadia Hawatmeh • Clients First, REALTORS
Mls Name: Realcomp II
Mls ID: #20251048510