Covington Plan, Maple GlenWixomMI48393
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 Wixom at Covington Plan, Maple Glen, Wixom, MI, 48393 at $539,900 posts ROI 52.29% with $4,770/mo cash flow from $8,369/mo rent. Total monthly income equals $8,369/mo, and annual cash flow records $57,242/yr on $177,627 to close. Return on cash invested measures 52.29% and rental yield reads 18.6% at the current $539,900. Equity gained on principal adds $3,484/yr, and 5% annual appreciation supports $149,164 by year five. Five-year ROI prints 277.08% and total cumulative return in cash totals $492,175.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $8,369/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
N/A lot
$N/A/sqft
$38 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48393, Wixom, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,901 (100%) |
| Owner Occupied HU | 4,624 (46.7%) |
| Renter Occupied HU | 4,838 (48.9%) |
| Vacant Housing Units | 439 ( 4.4%) |
| Median Home Value | $347,214 |
| Average Home Value | $353,308 |
Housing Distribution
Address Breakdown
Residential
8,135
Single Family
7,481
Multi-Family
654
Businesses
1,247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices