100 Danforth DrWhite LakeMI48386
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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 White Lake at 100 Danforth Dr, White Lake, MI, 48386 priced at $254,900 converts $2,538/mo rent into $857/mo cash flow after a $1,248/mo obligation. Total monthly income equals $2,538/mo, and annual cash flow totals $10,280/yr on $84,499 invested. Return on cash invested prints 32.07% in year one, and rental yield reads 11.95% against a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,424 by year five. Five-year ROI reaches 168.63% and total cumulative return in cash sums $142,488. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,538/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48386, White Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,855 (100%) |
| Owner Occupied HU | 6,505 (82.8%) |
| Renter Occupied HU | 965 (12.3%) |
| Vacant Housing Units | 385 ( 4.9%) |
| Median Home Value | $372,950 |
| Average Home Value | $397,910 |
Housing Distribution
Address Breakdown
Residential
7,783
Single Family
7,384
Multi-Family
399
Businesses
236
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Listed by: Richard Ramirez • Exact Match Properties
Mls Name: Realcomp II
Mls ID: #20251051955