10262 Elizabeth Lake RdWhite LakeMI48386
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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
Rental property for sale in White Lake at 10262 Elizabeth Lake Rd, White Lake, MI, 48386 generates $2,520/mo in rent, after a $2,934/mo payment. Total monthly income is $2,520/mo. Return on cash invested sits at 11.33% in year one, and rental yield is 5.04% on a $599,500 entry. Equity gained on principal adds $3,868/yr, while 5% annual appreciation builds toward $165,631 over five years. Five-year ROI reaches 57.33% and total cumulative return in cash sums $113,075. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,520/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.30 Acres lot
$N/A/sqft
$25 annually 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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Nearby investment properties with comparable prices
Listed by: Keith Brandt • Brandt Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24015604
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.