946 Novi StNorthvilleMI48167
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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 Northville at 946 Novi St, Northville, MI, 48167 generates $2,593/mo in rent, after a $2,384/mo payment. Total monthly income is $2,593/mo. Return on cash invested sits at 15.31% in year one, and rental yield is 6.39% on a $487,000 entry. Equity gained on principal adds $3,143/yr, while 5% annual appreciation builds toward $134,549 over five years. Five-year ROI reaches 78.74% and total cumulative return in cash sums $127,110. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,593/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
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: Ryan A McKindles • RAM & Associates Realty LLC
Mls Name: Realcomp II
Mls ID: #20261002162