121 Allen Lake DrWhite LakeMI48386
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
Rental property for sale in White Lake at 121 Allen Lake Dr, White Lake, MI, 48386 priced at $350,000 pairs $3,032/mo rent with $724/mo cash flow after a $1,713/mo payment. Total monthly income equals $3,032/mo, and annual cash flow comes to $8,688/yr on $116,025 invested. Return on cash invested is 27.4% in year one, and rental yield stands at 10.4% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 143.52% and total cumulative return in cash reaches $166,514. For financing, Ziffy Mortgage’s DSCR program evaluates $3,032/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
0.67 Acres 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: Gwen Daubenmeyer • Keller Williams Paint Creek
Mls Name: Realcomp II
Mls ID: #20251043451