1094 Myrtle AveWaterfordMI48328
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1094 Myrtle Ave, Waterford, MI, 48328 in Waterford is a top-tier cash-flow asset. At $160,000 it produces $2,569/mo in rent and $1,514/mo in net monthly income, a 19.27% gross rental yield. The DSCR of 3.57 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $18,169. Five-year appreciation adds $44,205, driving a total cumulative return of $158,392.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.3% | 6.5% |
| Monthly Cash Flow | $1,514 | $450 |
City averages based on Waterford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,569 |
| Total Monthly Debt Service | $991 |
| DSCR Ratio | 2.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1925
5,662 sqft lot
$N/A/sqft
No HOA
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
Single Family
Built in 1925
5,662 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices