Highwood Plan, The Townes at Main StreetNoviMI48375
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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 Novi at Highwood Plan, The Townes at Main Street, Novi, MI, 48375 priced at $498,990 converts $4,117/mo rent into $827/mo cash flow after a $2,442/mo obligation. Total monthly income equals $4,117/mo, and annual cash flow totals $9,921/yr on $165,415 invested. Return on cash invested prints 25.91% in year one, and rental yield reads 9.9% against a $498,990 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,862 by year five. Five-year ROI reaches 135.53% and total cumulative return in cash sums $224,187. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,117/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Townhouse
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48375, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,826 (100%) |
| Owner Occupied HU | 6,602 (67.2%) |
| Renter Occupied HU | 2,777 (28.3%) |
| Vacant Housing Units | 447 ( 4.5%) |
| Median Home Value | $379,223 |
| Average Home Value | $408,715 |
Housing Distribution
Address Breakdown
Residential
9,696
Single Family
8,824
Multi-Family
872
Businesses
1,150
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